ICICI Securities has downgraded Hindustan Aeronautics Ltd. (HAL) to an add call with a target price of Rs 3385.0. While the company has strong order book potential, execution is crucial. The current market price of HAL is Rs 3022.6, and the revised target price represents a 14% upside from the current level. In Q1 2023, HAL reported a consolidated total income of Rs 13216.90 crore, up 114.47% from the previous quarter and up 9.58% from the same quarter last year.
