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HomeMarketStocksBuy Hindustan Aeronautics, target price Rs 2620: Kotak Securities

Buy Hindustan Aeronautics, target price Rs 2620: Kotak Securities


Kotak Securities has purchase name on Hindustan Aeronautics with a goal value of Rs 2620. The present market value of is Rs 2544.8.
., integrated within the 12 months 1963, is a Massive Cap firm (having a market cap of Rs 85106.63 Crore) working in Defence sector.

Hindustan Aeronautics Ltd. key Merchandise/Income Segments embody Sale of companies, Engineering Items, Spares And Others, Growth Initiatives, Miscellaneous and Different Working Income for the 12 months ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the corporate reported a Consolidated Complete Revenue of Rs 3814.10 Crore, down -68.38 % from final quarter Complete Revenue of Rs 12061.79 Crore and up 115.98 % from final 12 months identical quarter Complete Revenue of Rs 1765.96 Crore. Firm reported internet revenue after tax of Rs 607.36 Crore in newest quarter.

Investment Rationale
Inventory is right into a rising channel formation and bullish engulfing candlestick sample hints at up transfer


Promoter/FII Holdings
Promoters held 75.15 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 13.72 per cent, DIIs 7.55 per cent.

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