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HAL Share Price Today: Shares of Hindustan Aeronautics Limited (HAL) fell again today. The stock fell more than 3% as trading began, and based on today’s intraday low, it has fallen more than 9% over the past two trading days. On the previous trading day, it had fallen more than 8% intraday, and there was no significant recovery by the end of the day, closing 5.7% lower.

Now, brokerage firm Morgan Stanley has given it another blow by downgrading its rating and target price. However, overall, 21 out of 25 analysts covering the stock are still giving it a buy rating, while two have a hold rating and two have a sell rating. Currently, the stock is trading at ₹4080.00 on BSE, which is down 3.25%. Intraday, it fell to ₹4061.45, a decline of 3.69%.

What is the new target price of HAL?

Morgan Stanley has reduced HAL’s rating to Underweight from equal-weight and reduced the target price by 34.11% to ₹3,355. The brokerage firm says that increasing competition from the private sector may affect its business.

Morgan Stanley also said that while many countries are increasing their defense spending, the company’s dependence on imports and slow pace of project completion could lead to a decline in its share price. For these reasons, the brokerage firm has reduced the earnings per share (EPS) estimates for the company by 2% for FY2027 and 5% for FY2028.

Why did HAL share price fall on the last trading day?

On the last trading day, Wednesday, February 4, Hindustan Aeronautics shares saw a huge fall. This decline was due to media reports, which said that the company had withdrawn from the 5th generation fighter jet project. The report claims that this will be the first time that HAL will not be involved in any major military project. Last year, seven companies had bid for the project, out of which only three advanced to the next stage.

Now, it is expected that this contract will be awarded to the lowest bidding company within three months. In this regard, the company said in an exchange filing that it has not received any official communication from DRDO. Therefore, she cannot comment on this matter at this time. However, following these media reports, HAL shares fell more than 8% intraday on the last trading day.

How has the performance of shares been in the last one year?

Shares of Hindustan Aeronautics Limited (HAL) were at ₹3045.95 on March 3, 2025, which was the stock’s 52-week low. From this low, shares surged 69.60% in just two months to reach ₹5166.00 on May 16, 2025, which is the stock’s 52-week high.