With the election results coming, shares of big government companies are under pressure. Shares of government companies had fallen by 25 percent on Tuesday. There has also been a sharp decline in the shares of Hindustan Aeronautics Limited (HAL), a company related to aerospace and defense sector. Shares of Hindustan Aeronautics have fallen by more than 20% in 2 days. Even after this big fall, market experts are bullish on the shares of Hindustan Aeronautics. Market experts say that shares of Hindustan Aeronautics can cross Rs 4700.
Target of Rs 4731 with outperform rating
Foreign brokerage house CLSA has maintained outperform rating on shares of Hindustan Aeronautics Limited (HAL). The brokerage house had given a target of Rs 4731 to the shares of the defense company. Shares of Hindustan Aeronautics Limited had fallen sharply on Tuesday and closed at Rs 4337.30. The company’s shares fell by more than 7 percent on Wednesday and reached Rs 3918.50. The 52-week high level of shares of Hindustan Aeronautics Limited is Rs 5434.90. At the same time, the 52-week low level of the company’s shares is Rs 1646.10.
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CLSA downgrades Bharat Electronics’ rating
Brokerage house CLSA has cut the rating of Bharat Electronics Limited (BEL). CLSA has downgraded Bharat Electronics’ rating to outperform. The brokerage house had earlier given buy rating to the shares of Bharat Electronics. This is among the first downgrades among PSU companies. There was a 19% decline in BEL shares on Tuesday. However, CLSA has increased the target price of Bharat Electronics Limited shares to Rs 294. The brokerage house had earlier given a target of Rs 207 for the company’s shares. Shares of Bharat Electronics Limited (BEL) are trading at Rs 259.70 on Wednesday.
This stock may fall by 75%, expert warned, said – sell immediately
