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Hindustan Aeronautics: Tuesday’s opening gains for equities benchmark indices included a three percent increase in shares of defense PSU Stocks, Hindustan Aeronautics. Nifty went up 78.65 points to 22,182.70 as retail inflation declined to an 11-month low of 4.83 percent in April, while Sensex jumped 225.92 points to 73,002.05 in early trade. In the midst of this, shares of began trading at Rs 3,975, up Rs 51.55, or 1.31 percent, from the previous close on the BSE of Rs 3923.45. It continued to rise, reaching a high of Rs 4064,10 for the day, or a gain of about 3.5%. When we last saw it, the counter was trading at Rs 4008.35 and was solidly held in green.

Hindustan Aeronautics Target NSE

The global brokerage company UBS has increased its target price for the HAL from Rs 3,600 to Rs 5,200 while maintaining a “buy” call on the stock.This indicates that the stock still has a 32% potential gain from Monday’s closing price.

History of HAL Share Price In the last two years, HAL shares have returned positively 43% and 17%, respectively. This year, the counter has increased by 41.86 percent thus far.

JSW Steel, Power Grid, NTPC, Mahindra & Mahindra, Reliance Industries, and State Bank of India were the top gainers from the Sensex basket, in contrast. Axis Bank, ITC, Nestle, and Asian Paints were a few of the slippers. According to official data issued on Monday, retail inflation dropped to an 11-month low of 4.83 percent in April as prices of some kitchen products declined but the whole food basket firmed up somewhat.

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