HAL share price falls 1.38%: Is it time to sell?

The share price of Hindustan Aeronautics Limited (HAL) fell by 1.38% on Monday, to close at Rs. 3,910.40 per share. The stock had opened at Rs. 3,958.50 per share and touched a high of Rs. 3,970.00 per share during the day.

The decline in HAL share price was in line with the broader market trend, as the Sensex and Nifty indices also fell by 0.84% and 0.78%, respectively.

There were no major news or developments that could have weighed on HAL share price on Monday. However, the stock has been under pressure in recent weeks, due to concerns about the company’s order book and financial performance.

HAL’s order book stood at Rs. 1.6 lakh crore as of June 2022, which is lower than the target of Rs. 2 lakh crore for the current financial year. The company’s financial performance has also been weak in recent quarters, due to delays in the execution of projects and higher input costs.

Despite the challenges, HAL is expected to benefit from the government’s focus on defence spending. The company is also developing new products and technologies, which could boost its order book in the coming years.

Here are some of the key factors that could affect the HAL share price in the near future:

  • Government’s defence spending plans
  • Execution of HAL’s order book
  • Financial performance of HAL
  • Launch of new products and technologies by HAL

Overall, the outlook for HAL share price is positive, but the stock is likely to remain volatile in the near term.

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