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Bloomberg Quint

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Image Credit: Bloomberg Quint

THIS Defence Multibagger Gave Close To 1800% Returns In Five Years: Should You Buy Now?

  • 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.

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