Technical view: Chandan Taparia bullish on HAL, Shriram Finance & 1 more
Hindustan Aeronautics left its position unchanged in a defence development.
· Business Standard Mkts
Chandan Taparia has said Nifty has given an inside bar breakout in the previous session, indicating a strong recovery. If Nifty holds above 22,700, it may bounce towards 22,850 and then 23,000 levels.
The analysis
Against that, the stock is -0.3% on the day at ₹4,853.70, and has returned +5.9% over three months. It sits 5% below its 52-week high. The defence & aerospace sector has moved -1.7% over the same period, so Hindustan Aeronautics is running 7.6 points ahead of its peers.
For Hindustan Aeronautics, the question is how much of this is already reflected in the price and how much re-rates the defence & aerospace peer set alongside it.
Why it matters
- Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Market context
- In focus: Hindustan Aeronautics (HAL), in Defence & Aerospace.
- On the day, 0 of 2 are higher: Hindustan Aeronautics leads at -0.3% and Shriram Finance trails at -2.1%.
- Over three months: Hindustan Aeronautics +5.9% against Defence & Aerospace -1.7% (7.6 points ahead); Shriram Finance -19.9% against Financial Services -14.9% (5.0 points behind).
- At least 25% below the 52-week high: Shriram Finance (28%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Hindustan AeronauticsHAL · Defence & Aerospace | ₹4,853.70 | -0.3% | +4.0% | +5.9% | -4.8% | 1.1× | — |
| Shriram FinanceSHRIRAMFIN · Financial Services | ₹823.15 | -2.1% | -16.2% | -19.9% | -27.9% | 0.9× | — |
Defence & Aerospace
1M -7.5% · 3M -1.7%
Hindustan Aeronautics
Financial Services
1M -8.8% · 3M -14.9%
Shriram Finance
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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