Exited 50% of holdings across family between yesterday and today.
Looks like top tick has been made in many defense stocks.
Will look to add once it settles into a more normalized PE
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HAL is one of the beneficiaries of customer duty exemption up to another 5 years on import of parts for its product
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Pros and Cons of investing in HAL right now - Equity Masters
There are adds in the article while reading, You may please scroll down to complete the article.
discl: Remain invested from lower level from long term perspective. not a buy sell recommendation. pl do your own assessment before buying / selling
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Indian made IRST system for Su-30 MKI Fighter jets.
Till now , Su-30 MKI Fighter jets were with Russian made IRST system.
IAF now plans to upgrade all the 84 Su-30 MKI Fighter Jets with india made IRST system at HAL.
This is a significant step towards Self reliance India- Atma nirbhar Bharat for Critical defence equipments.
https://idrw.org/indian-made-irst-system-for-su-30-mkis-gears-up-for-trials/
Edit 1 July , 2024
With induction of Prachand LCH , India has taken a significant step in Self reliance india. How.does it compare with its Global peers?
https://idrw.org/taking-flight-a-look-at-indias-lch-prachand-vs-t129-atak-helicopters/
Edit 4 July
After getting order for 156 Prachand LCH worth 45000 Crore , Now HAL sets it’s sight for getting an order of 400 LUH (Light utility Helicopter) from ministry of defence. Its new generation LUH is going to replace the existing fleet of 400 ailing Chetak Helicopter of Indian Army /Navy/Air force.
https://idrw.org/hal-eyes-light-utility-helicopter-order-after-landing-lch-deal/
Edit 4 July
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Ministry of Defence (MoD) has signed a contract with Hindustan Aeronautics Limited for 240 AL-31FP Aero Engines for Su-30MKI aircraft at a cost of over Rs 26,000 crore.
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