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The stock of defence PSU major ended Wednesday’s (February 12) session at ₹3594.15 on the NSE, down 1.5% from previous day close. The stock has given 14% of its value in 2025 so far, after consistently outperforming in the last five years through 2024.The state-owned defence major on February 12 reported 14% jump in consolidated net profit at ₹1,440 crore for the quarter ended December 2024, driven by sustained demand for its aircraft from the defence ministry. It reported a consolidated net profit of ₹1,261 crore in the year-ago period. The defence PSU’s revenue from operations surged 15% to ₹6957 crore during the quarter.
JP Morgan, which has an “overweight” rating on the stock with a twelve-month target price of ₹4958 observed that the company’s order inflow has been strong through nine-months ended December 2024. “The nine months order inflow of ₹56,100 crore is healthy, driven by orders for Sukhoi Engines & Aircrafts. The order book in Q3FY25 stands at Rs1.3 lakh crore, up 58% year-on-year,” wrote JP Morgan in an investor note. The brokerage further said that the company expects orders of Rs1.65 lakh crore (additional LCAs and LCHs), underlining significant opportunity ahead.Also read: HAL shares recover partially after management assures Tejas jet deliveries soon
Of the 16 analysts who track the stock on Bloomberg, 15 have “Buy” ratings on the sock, with a single “Sell” rating. While Antique Stock Broking has set the highest target price at ₹7089, about eight of them have a target price ranging from ₹5300 to ₹5814 per share.
