HAL shares have weakened recently, but Citi retained its Buy rating and ₹6,175 target, implying about 28% upside. Citi cited higher inventory and support from engines, helicopters and repairs amid delayed Tejas Mk1A deliveries.
Around 600% jump in 5 years: Citi maintains 'buy' on Maharatna defence PSU HAL for up to 28% - Check target, rationale
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