{"id":24272,"date":"2022-07-02T10:19:54","date_gmt":"2022-07-02T04:49:54","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=24272"},"modified":"2022-07-02T10:35:36","modified_gmt":"2022-07-02T05:05:36","slug":"alpha-hal-equity-research-desk","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-hal-equity-research-desk\/24272","title":{"rendered":"Alpha | HAL &#8211; Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/07\/FI_Alpha-HAL.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"983\" height=\"467\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/07\/Alpha-New-2.png\" alt=\"\" class=\"wp-image-24275\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/07\/Alpha-New-2.png 983w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/07\/Alpha-New-2-300x143.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/07\/Alpha-New-2-768x365.png 768w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><\/figure>\n\n\n\n<h2><strong>HAL \u2013 Largest Defence Company<\/strong><\/h2>\n\n\n\n<p>Hindustan Aeronautics Ltd. (HAL) was incorporated as Aeronautics India Ltd on August 16, 1963. Subsequently, Hindustan Aircraft Ltd, a company incorporated in 1940, was merged with the company and the name of the company was changed to Hindustan Aeronautics Ltd (HAL) with effect from October 1, 1964. <\/p>\n\n\n\n<p>HAL is the largest DPSU in terms of the value of production and was given Navratna status by the Government of India (GoI) in June 2007. <\/p>\n\n\n\n<p>Currently, HAL has 20 production and 10 R&amp;D centers co-located with the production divisions, at nine geographic locations across the country. <\/p>\n\n\n\n<h2><strong>Valuation:<\/strong><\/h2>\n\n\n\n<p>We believe the company\u2019s focus on indigenous design &amp; development of defence platforms\/components would drive faster execution of projects in the years to come. At CMP, the stock trades at 12x FY24E EPS. We recommend a BUY rating in the stock with the target price (TP) of Rs.2085, 15x FY24E EPS.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/07\/FI_Alpha-HAL.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"534\" height=\"66\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png\" alt=\"\" class=\"wp-image-23892\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png 534w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report-300x37.png 300w\" sizes=\"(max-width: 534px) 100vw, 534px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HAL \u2013 Largest Defence Company Hindustan Aeronautics Ltd. (HAL) was incorporated as Aeronautics India Ltd on August 16, 1963. Subsequently, Hindustan Aircraft Ltd, a company incorporated in 1940, was merged with the company and the name of the company was changed to Hindustan Aeronautics Ltd (HAL) with effect from October 1, 1964. HAL is the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":24273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,108,746,517,745,767,768,272],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | HAL - Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-hal-equity-research-desk\/24272\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | HAL - Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"HAL \u2013 Largest Defence Company Hindustan Aeronautics Ltd. (HAL) was incorporated as Aeronautics India Ltd on August 16, 1963. Subsequently, Hindustan Aircraft Ltd, a company incorporated in 1940, was merged with the company and the name of the company was changed to Hindustan Aeronautics Ltd (HAL) with effect from October 1, 1964. 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