HAL ke Share Mein Toofani Tezi! Order Book Ne Badhaaya Bharosa
Hindustan Aeronautics Ltd. (HAL) ke shares aaj cool nahi rahe, seedha 3% tak upar bhaage! Iske peeche ka reason samajhte hain. Company ne FY26 (Fiscal Year 2025-26) ke liye apna business update diya. Revenue toh ₹32,250 crore raha, jo pichhle saal se 4% zyada hai, par bhai, company ki guidance (8-10% growth) miss ho gayi.
Lekin investors ne revenue mein chhote se gap ko nazarandaaz kar diya kyunki HAL ka order book ab ₹2.54 lakh crore tak pahunch gaya hai! Pichhle saal yeh figure ₹1.89 lakh crore tha. Ye ek bahut bada jump hai aur isse company ko agli 7-8 saal tak revenues ki solid visibility mil gayi hai.
Company ne bataya ki supply chain problems aur kuch platforms jaise LCA Mk1A aur HTT-40 ki delivery mein delays ke karan revenue target miss hua. Lekin ALH helicopters aur engines ki tez delivery ne thoda balance banaya.
Market ka focus clear hai: long-term value over short-term execution. Isi wajah se stock ne perform kiya. Analysts bhi HAL ko lekar optimistic hain. Unka kehna hai ki yeh stock 35% se 58% tak aur bhi upar ja sakta hai. Aur haan, HAL ki valuation bhi apne peers jaise Bharat Dynamics Ltd. (BDL) jinke P/E ratios 77x+ hain, ke comparison mein kaafi attractive lagti hai, HAL ka P/E 26.2x se 29.06x ke beech hai.
Waise bhi, India ka defense sector ekdum dhamakedar chal raha hai. Government ne budget mein defence ke liye ₹7.85 lakh crore allocate kiye hain, jo 15.19% increase hai. 'Atmanirbhar Bharat' policy bhi madad kar rahi hai.
Par sab kuch hamesha smooth nahi chalta. Supply chain issues aur geopolitical tensions kabhi bhi delivery delays kar sakte hain. Kuch technical charts bhi thode sell signals de rahe the, jo risk ki taraf ishara karte hain.
Fir bhi, management FY27 ke liye confident hai, manufacturing improve karne aur civil aviation mein expansion karne ki wajah se. Overall, HAL ka future order book ke dam par kaafi strong dikh raha hai.