Wednesday, 30 September 2026Updated 7m ago
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Broker call▲ Bullish for HAL

Jefferies sees 43% upside in HAL, with first Tejas Mk1A delivery a re-rating trigger

2 sources · first seen 09:49 30 Sept · updated 11:14 30 Sept

The brief

Written from 2 reports · check the source before you trade
  • Jefferies set a target price of ₹6,800, implying 43% upside
  • HAL shares rose over 3% in Wednesday morning trade
  • A first Tejas Mk1A handover could lift sentiment for HAL and India’s defence sector

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HAL₹4,549.30 · 1 todayJefferies5 todayDefence15 today

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Read the reports

2 reports · earliest 09:49
NDTV ProfitHAL On The Rise: Jefferies Sees 43% Upside As Tejas Mk1A Deliveries Near09:49Business TodayHAL share price: 43% upside! Tejas Mk1A delivery, ‘even one aircraft’, key re-rating trigger, says Jefferies11:14