🚀 HAL Shares Soar 37% in 7 Weeks — Is the Rally Set to Continue?

Hindustan Aeronautics Ltd (HAL), a leading PSU defence stock, has staged an impressive 37% recovery over the past seven weeks, rebounding from a prolonged correction phase that lasted from June 2024 to February 2025. The stock began its turnaround in March 2025, and analysts now see more upside ahead.

📊 Analyst Outlook & Target Price

• Brokerage firm JM Financial remains bullish, setting a target price of ₹4,851.
• The firm believes HAL will outperform the Nifty 50, citing strong fundamentals and favourable sector dynamics.

📈 Technical & Seasonal Strength

• According to JM Financial, HAL tends to perform well in Q2 of the calendar year, delivering an average return of 34% over the past five years.
• So far in 2025, HAL has slightly outperformed the Nifty 50 by 2%.

📉 Past Challenges & Current Rebound

• Anshul Jain, Head of Research at Lakshmishree Investment and Securities, highlighted that HAL shares corrected 45.79% over 35 weeks post a buying climax.
• The current rebound shows technical strength, with a higher low formation on weekly charts—a bullish signal.

🛡️ What’s Fueling the Optimism?

• A robust order book supported by recent defence contracts
• Strong long-term growth visibility in the aerospace and defence sector
• Positive momentum backed by seasonal patterns and technical trends