As of August 29, 2024, the Hindustan Aeronautics Ltd (HAL) share price closed at ₹4,601.95, down 1.78% from the previous day’s closing price of ₹4,721.45. The stock has been trading in a range of ₹4,665.05 to ₹4,805.65 for tomorrow, with the AI Munafa prediction value indicating a downward trend that might continue.
Main Points
Technical Analysis and Important Levels
HAL share price is currently below an important level of ₹4,746.21 on the charts, and if it remains below this level, the stock might show a fall in the short term. The stock has a 52-week high of ₹5,674.75 and a 52-week low of ₹1,767.80.
Fundamental Analysis and Valuation
HAL has a market capitalization of ₹3,17,407 crore and a face value of ₹5.00 per share. The company has a PE ratio of 38.78x, an EPS of ₹123.27, and a dividend yield of 0.73%. The book value per share is ₹435.75, and the stock trades at a PB ratio of 10.86x.
Buyback News and Corporate Actions
HAL has not announced any buyback of shares recently. The company’s upcoming corporate actions include a board meeting on August 14, 2024, to discuss quarterly results.
The recent decline in HAL share price can be attributed to the overall market sentiment and the company’s financial performance. The company has spent less than 1% of its operating revenues towards interest expenses and 17.41% towards employee cost in the year ending March 31, 2024.
Multiple analysts have provided price targets for HAL, with high, medium, and low predictions for the stock. The company’s revenue and earnings forecasts are also available.
Comparison with Peers
HAL’s performance can be compared with its peers in the aerospace and defence sector to gauge its relative strength.
Mutual Fund Ownership and Stock Performance
As of July 31, 2024, mutual funds held a significant portion of HAL shares. The stock’s performance can be analyzed over various time frames, such as monthly, quarterly, and yearly.
