ECONOMY: TEJAS MK-1A Delivery Concerns Unlikely To Hit Defence Stock

HAL is expected to deliver a strong operational performance over FY24–27 coupled with a strong order backlog, given its prevailing strong order pipelineHindustan Aeronautics Ltd (HAL) reported a healthy set of June quarter results, with net profit rising 77 per cent year-on-year (YoY) on 11 per cent rise in sales. Analysts were a bit concerned over delays in the delivery of TEJAS MK-1A aircraft
HAL is expected to deliver a strong operational performance over FY24–27 coupled with a strong order backlog, given its prevailing strong order pipelineHindustan Aeronautics Ltd (HAL) reported a healthy set of June quarter results, with net profit rising 77 per cent year-on-year (YoY) on 11 per cent rise in sales. Analysts were a bit concerned over delays in the delivery of TEJAS MK-1A aircraft
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