HAL Breaks Resistance, SEBI RA Prabhat Mittal Sees Rally Towards ₹5,100 Despite Q4 Profit Dip

HAL’s stock broke key resistance and shows bullish momentum. Analyst recommends a buy with targets up to ₹5,100.
 In this photo illustration, the Hindustan Aeronautics company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)
In this photo illustration, the Hindustan Aeronautics company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)
Profile Image
Preeti Ayyathurai·Stocktwits
Updated Jul 02, 2025 | 8:31 PM GMT-04
Share this article

Hindustan Aeronautics Limited (HAL) shares pared some gains post its March quarter earnings announcement. 

They traded 3% higher in afternoon trade on Wednesday with SEBI-registered research analyst Prabhat Mittal offering a bullish outlook on the defense PSU.

HAL reported a net profit of ₹3,958 crore, marking an 8% year-on-year decline for the fourth quarter. Despite the earnings dip, the stock is showing strong technical resilience and upward momentum.

According to Mittal, HAL recently broke past a critical resistance level at ₹4,677, and is currently trading at ₹4,732. 

He points out that the stock has been forming a pattern of higher highs and higher lows, a hallmark of short-term bullish sentiment.

Adding to the positive outlook, HAL is taking support along an upward sloping trendline and is trading above its 20, 50, 100, and 200-day moving averages. These factors collectively indicate strength in the underlying trend.

Mittal recommends that traders consider buying HAL at current levels down to ₹4,677, with a strict stop-loss at ₹4,449. He pegs the target range between ₹4,900 and ₹5,100, indicating a potential upside of nearly 8%.

HAL’s robust order pipeline is also adding to this optimism. 

The company recently disclosed manufacturing contracts worth ₹1.02 lakh crore, along with repair and overhaul (RoH) agreements totaling ₹17,500 crore. 

HAL aims to scale its order book to ₹2.6 lakh crore by FY26, a significant jump that strengthens the long-term investment narrative.

Data on Stocktwits shows that retail sentiment is ‘bullish’ on this counter.

Screenshot 2025-05-14 145959.jpg
HAL sentiment and message volume on May 14 as of 3:00 pm IST. | source: Stocktwits

HAL shares gained 13% year-to-date (YTD).

Subscribe to The Daily Rip India
All Newsletters
The most relevant Indian markets intel delivered to you everyday.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Read about our editorial guidelines and ethics policy

Advertisement. Remove ads.