Buy Hindustan Aeronautics, target price Rs 1630: Yes Securities

Yes Securities has buy call on Hindustan Aeronautics with a target price of Rs 1630. The current market price of Hindustan Aeronautics is Rs 1487.1. Time period given by analyst is Intra Day when Hindustan Aeronautics Ltd. price can reach defined target.

Hindustan Aeronautics Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 49653.20 Crore) operating in Defence sector.

Hindustan Aeronautics Ltd. key Products/Revenue Segments include Sale of services, Engineering Goods, Spares And Others, Development Projects, Other Operating Revenue and Miscellaneous for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 6088.66 Crore, up 7.03 % from last quarter Total Income of Rs 5688.54 Crore and up 10.36 % from last year same quarter Total Income of Rs 5516.97 Crore. Company reported net profit after tax of Rs 935.28 Crore in latest quarter.

Investment Rationale
The stock has resumed its uptrend following a recent throwback and buying was seen in higher volumes suggesting strong bullishness. Technical Indicators are also favouring the same.

Promoter/FII Holdings
Promoters held 75.15 per cent stake in the company as of 31-Dec-2021, while FIIs owned 14.98 per cent, DIIs 6.42 per cent.