Hindustan Aeronautics Limited (HAL) is making headlines as it has just been granted Maharatna status by the Government of India. This prestigious title gives HAL greater autonomy and investment capabilities, making it the 14th Maharatna company in India. Investors are keenly watching how this development will affect HAL’s share price.
Experts believe that obtaining Maharatna status is a game changer for HAL. It allows the company to invest up to ₹5,000 crore or 15% of its net worth in a single project without needing government approval. Additionally, HAL can now pursue domestic and international mergers, acquisitions, and strategic investments more freely.
Anshul Jain, Head of Research at Lakshmishree Investment and Securities, mentioned that this status will ease HAL’s operational challenges, especially regarding project deliveries.
HAL Share Price Predictions
Following this news, Sumeet Bagadia, Executive Director at Choice Broking, predicts a significant rise in HAL’s share price. He suggests that current shareholders hold onto their shares with a short-term target of ₹4,700 to ₹5,000, setting a stop loss at ₹4,300. He also encourages new investors to consider buying HAL shares for the same price targets.
Current Maharatna Companies
With HAL now included, the list of Maharatna companies in India includes:
- National Thermal Power Corporation (NTPC) Ltd
- Oil and Natural Gas Corporation (ONGC) Ltd
- Steel Authority of India Limited (SAIL)
- Bharat Heavy Electricals Limited (BHEL)
- Indian Oil Corporation Limited (IOCL)
- Hindustan Petroleum Corporation Limited (HPCL)
- Coal India Limited (CIL)
- Bharat Petroleum Corporation Limited (BPCL)
- Power Grid Corporation of India Limited
- Power Finance Corporation (PFC)
- Rural Electrification Corporation (REC) Limited
Overall, the market is optimistic about HAL’s future prospects following this important recognition.
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