The share price of Hindustan Aeronautics fell 1.01% after rising 0.75% at open on Friday. The public sector company announced its decision to have a board meeting to mull over the final dividend for fiscal 2025.
The company's board is set to meet on June 27 to consider the final dividend for financial year 2025, as per a disclosure to the stock exchanges on Thursday.
This marks the second dividend that HAL will issue for the fiscal. The defence PSU had paid an interim dividend of Rs 25 per share in February. In fiscal 2024, a final dividend of Rs 13 apiece was paid to shareholders.
Brokerages view HAL as a defence darling counter, with Jefferies and Antique recently issuing bullish counters on the stock. Jefferies has a 'buy' call on the counter with a target price of Rs 6,475, implying a potential 30% upside from the previous close. Antique maintains a similar recommendation at a target price of Rs 6,545 apiece.
HAL has offered whopping returns of 1,284% in its journey over the past five years, with an upside of 17% year-to-date. The counter closed 2.04% lower at Rs 4,892 apiece, as compared to a 0.08% decline in the benchmark NSE Nifty 50.
HAL Share Price Today
The scrip fell as much as 1.01% to Rs 4,877.90 apiece, the lowest level since June 19. It pared gains to trade 0.50% lower at Rs 4,877.90 apiece, as of 9:30 a.m. This compares to a 0.16 advance in the NSE Nifty 50.
It has risen 16.71% on a year-to-date basis, and is down 7.85% in the last 12 months. The relative strength index was at 52.92 .
Out of 20 analysts tracking the company, 15 maintain a 'buy' rating, three recommend a 'hold' and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 15.6%.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
