HAL's Growth Outlook Positive Despite Recent Correction: Nirmal Bang Analyst

• HAL corrected nearly 30% from its peak, but outlook remains positive with improved execution expected.
• Nirmal Bang's Jyoti Gupta anticipates strong performance for HAL in the second half of FY27.
• Steady revenue growth of 12-30% expected for FY26, driven by aircraft and engine deliveries.
• Recent Tejas LCA grounding is a routine precautionary measure, not a structural problem, investigation ongoing.
• Key challenges lie in industrial ecosystem, supply chains, and private sector participation, not order inflow.