Friday's Preview: Can Hindustan Aeronautics continue its recent gains?

Hindustan Aeronautics Limited (HAL) will be in focus today as investors gauge whether the stock can build on its recent gains. The aerospace and defense company's shares surged 3.75% on Thursday following impressive Q3 FY25 results. HAL reported a 14% year-on-year increase in net profit to ₹1,439.83 crore and a 15% rise in revenue to ₹6,957 crore. The company also declared a first interim dividend of ₹25 per share. Analysts remain bullish, with some setting target prices as high as ₹5,000. However, the stock is still down 35% from its 52-week high, leaving room for potential upside if positive momentum continues.
Source: Financial Express, Business Today, CNBC TV18