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The Economic Times
The Economic Times
Business
Debaroti Adhikary

HAL shares fall 10% in 3 days after Q4 results but Jefferies, Nuvama, other brokerages are raising target prices, here’s why

GE HAL Nuvama Jefferies Hindustan Aeronautics

Shares of Hindustan Aeronautics (HAL) dropped around 5% on Monday, extending losses to 10% over three days after the defence major released its results for the January-March quarter of the financial year 2026, although brokerages remain bullish on the stock.

The company on Thursday reported a consolidated net profit of Rs 4,196 crore for the March-ended quarter, marking a 6% year-on-year (YoY) rise from the Rs 3,977 crore profit reported in the year-ago period. The defence major’s revenue from operations rose 2% YoY to Rs 13,942 crore in Q4FY26, from Rs 13,700 crore reported in the corresponding quarter of the previous financial year.

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