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ā¢ Hindustan Aeronautics (HAL) stock surged over 29% in the past month after the Defence Acquisition Council (DAC) approved the procurement of light combat helicopter (LCH) and upgradation of SU-30 MKI aircraft.
ā¢ DAC also approved various capital acquisition proposals worth Rs 2.23 lakh crore, with a minimum of 50% indigenous content.
ā¢ Morgan Stanley has an 'overweight' rating for HAL with a target price of Rs 2,182 per share.