HAL announces approval for 97 upgraded Tejas jets. Can the stock rally up to Rs 6,325?
Hindustan Aeronautics (HAL) on Thursday said the Cabinet had cleared a Rs 62,000-crore order for 97 Light Combat Aircraft (LCA) Mk-1A fighter jets, sparking debate over whether the stock could rally toward the Rs 6,325 target projected by brokerages after the state-run defence major’s first-quarter results last week. HAL’s stock advanced as much as 1.3%…