Rounak Jain08 Aug 2022, 13:48
HAL is one of the world’s largest and oldest defence manufacturing companies, and its investors have gotten very rich this year. HAL’s rise could also benefit two other defence manufacturers, say analysts. The company’s large orderbook, and interest in the Tejas LCA by six countries has driven the rally in its stock. Defence indigenization has been one of the goals of the current Indian government, with an aim to reduce dependence on foreign countries.