HAL shares rise 2% after Q1 beat; brokerages raise targets

HAL shares gained 2% after Q1 FY27 net profit rose 15% YoY to ₹1,590 crore and revenue increased 14% to ₹5,515 crore. Nomura retained Buy and raised its target to ₹6,314, while Motilal Oswal raised its target to ₹5,800. Brokerages cited strong earnings, a healthy order book and expected Tejas delivery ramp-up from FY28.