Hindustan Aeronautics (HAL) received Cabinet approval for a Rs 62,000-crore order of 97 LCA Mk-1A fighter jets, boosting investor optimism. The upgraded Tejas jets will replace the ageing MiG-21 fleet. Following the announcement, HAL shares rose 1.3% to Rs 4,525.85 on BSE, with brokerages projecting a potential target of Rs 6,325 after the company’s strong Q1 results.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets