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Hindustan Aeronautics Q3 Review: Nirmal Bang Maintains 'Buy' On The Stock, Lowers Target Price — Here's Why

Nirmal Bang maintains 'Buy' on the stock supported by a robust order book and implying an upside potential of 29.5%.

<div class="paragraphs"><p>(Photo Source: Tejas fighter jet by Hindustan Aeronautics Ltd.&nbsp;at the Aero India 2023 Expo at Air Force Station Yelahanka, Bengaluru /Vijay Sartape NDTV Profit)</p></div>
(Photo Source: Tejas fighter jet by Hindustan Aeronautics Ltd. at the Aero India 2023 Expo at Air Force Station Yelahanka, Bengaluru /Vijay Sartape NDTV Profit)
During the nine months ending December 31, 2024, HAL received Rs 58.9 million as compensation for acquiring company-owned land measuring 315 square meters by Bangalore Metro Rail Corporation for the Metro Rail Project. The financial results indicate this as an extraordinary item.
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