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ā¢ Hindustan Aeronautics Ltd. (HAL) has received approval for the procurement of Light Combat Helicopter and Light Combat Aircraft MK 1A (Tejas) from the Indian Air Force and Indian Army.
ā¢ The company's stock has rallied nearly 95% on a year-to-date basis and 500% in the past three years.
ā¢ The average target price for HAL is Rs 2,197, implying a downside of 11% from the current market price.