HAL: Motilal Oswal sees 32% upside on Tejas, 2 other ‘Make-In-India’ initiatives

Motilal Oswal has reiterated Buy on HAL with a target price of 5,800 per share, implying an upside of nearly 32% from current levels. The stock is trading at attractive valuations and its growth catalysts include Tejas aircraft deliveries and finalization of orders for 97 Tejas-Mk1A. HAL has also secured a deal for the Small […]