HAL Soars 2% Amidst Market Turmoil, Brokerages Bullish on Defense Stock

• Hindustan Aeronautics Limited (HAL) shares rose 2% today, defying a broader market downturn where Sensex plunged over 800 points.
• The rally is driven by strong Q3FY26 results, with revenue up 10.7% to Rs 7700 crore and net profit at Rs 1850 crore.
• Brokerages like Antique Stock Broking (target Rs 5841) and Motilal Oswal (target Rs 5500) maintain 'BUY' ratings, citing robust order book and increasing defense demand.
• HAL's order book stands at Rs 2.3 lakh crore, ensuring future earnings, with some brokerages adjusting targets due to Tejas delivery concerns.
• The company's operational performance is strong, with new order opportunities arising from global tensions and equipment replacement needs.