Hindustan Aeronautics Ltd. (HAL) has shown impressive growth in the last five years, with returns of 1789.15% and a 20.3% increase year-to-date.
HAL has clarified that rumors about stalled negotiations with General Electric for engine production are false and that discussions are progressing well.
HAL's share price rose nearly 2% following the debunking of the false claims, trading at Rs 5,048.10 apiece.
Analysts' consensus on HAL shares includes 15 'buy' ratings, three 'hold' recommendations, and two 'sell' suggestions, with an average 12-month price target indicating a 12.8% upside potential.