Buy Hindustan Aeronautics, target price Rs 2560: Kotak Securities
Hindustan Aeronautics Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 83180.56 Crore) operating in Defence sector.
. key Products/Revenue Segments include Sale of services, Engineering Goods, Spares And Others, Development Projects, Miscellaneous and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3814.10 Crore, down -68.38 % from last quarter Total Income of Rs 12061.79 Crore and up 115.98 % from last year same quarter Total Income of Rs 1765.96 Crore. Company reported net profit after tax of Rs 607.36 Crore in latest quarter.
Investment Rationale
Reversed from its retracement zone and incremental volume hints at a pullback from current levels
Promoter/FII Holdings
Promoters held 75.15 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.72 per cent, DIIs 7.55 per cent.
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