Hindustan Aeronautics (HAL), the largest defence stock in terms of market cap and also a PSU giant, rose by more than Rs 200 or 5% on Monday, November 25, 2024. The stock witnessed huge rally tracking bullish trend of market including its sector after BJP government's big win in Maharashtra election. Is there room to buy HAL stock or should investors book profits?
Established in 1940, Hindustan Aircraft Limited (HAL) operates as an aerospace and defence company. The company uses international design, under licence, to build and assemble aircraft and engines such as Prentice, Vampire and Gnat. It also designs and develops domestic aircraft. The company, in collaboration with the Inter-Continental Aircraft Company of USA, commenced its business of manufacturing Harlow Trainer, Curtiss Hawk Fighter and Vultee Bomber Aircraft.
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