Economy
Hindustan Aeronautics Shares Rise 6% After Goldman Sachs Upgrade
CNBC TV181h
THE BRIEF
1
Hindustan Aeronautics Ltd. shares surged 6% on August 6, 2026, after Goldman Sachs upgraded the stock from 'neutral' to 'buy' and raised its price target to ₹5,870.
2
The upgrade follows expectations that HAL will accelerate delivery of the Tejas Mk1A fighter jet, which has faced a near two-year delay, with 20 aircraft planned for delivery in FY27.
3
The company currently holds an order book valued at ₹2.5 lakh crore, with the LCA Mk1A platform accounting for ₹48,000 crore of the total backlog as of the end of FY26.