Mumbai News, 26 February 2026: Hindustan Aeronautics Limited (NSE: HAL) shares opened this morning with a mild increase. By 2 PM, HAL’s share price was trading between ₹3,998 and ₹4,005 on the NSE, showing an increase of about 0.35 to 0.50 per cent from the previous day’s closing price of ₹3,985. A similar trend was seen on the BSE, with the price steady around ₹4,000.
Live updates (26 February 2026, 2 PM):
NSE:
- Open – ₹4,000
- High – ₹4,018
- Low – ₹3,980
- Volume – around 8 lakh shares (full day data not yet available)
- VWAP – around ₹3,995
BSE:
- Same price range, volume low but steady.
- 52-week high – ₹5,165
- Low – ₹3,046.05.
- Market cap – around ₹2,66,500 crore.
In today’s session, the shares were moving sideways, but positive sentiment persisted throughout the day. HAL had fallen by 3-4 per cent over the past three days, so today’s mild recovery was reassuring for investors.
HAL radar deal: A strategic development phase for Centrum Electronics
The main news driving today’s trading sentiment is the radar deal between HAL and Centrum Electronics. Centrum Electronics has received a Phase-1 order worth ₹66 crore (₹78 crore including GST) from HAL to design and develop an Active Electronically Scanned Array (AESA) radar system for the Utility Helicopter–Maritime (UH-M) platform. The potential cost of Phase-2 is ₹500 crore, taking the total deal up to ₹668 crore.
Centrum’s joint managing director Nikhil Mallvarpu told NDTV Profit,
This order is not just a big development programme, but a stage of strategic evolution for Centrum Electronics. We are now moving from being a sub-systems supplier to a company providing fully system-integrated solutions.
This deal will enhance the UH-M helicopter’s maritime surveillance, target tracking and situational awareness capabilities. Phase-1 will be completed in two years along with prototypes, qualification and certification. Centrum said that this technology can also be applied to other platforms, which is expected to boost the company’s order book and see a 25-30 percent growth by FY26. Analysts believe this deal has strengthened the ‘Make in India’ policy in the defence sector.
What do Dalal Street analysts and top brokerages say on HAL share target price?
HAL has received a Buy rating on Dalal Street due to its strong order book (over ₹1 lakh crore), increased government defence spending, and the success of ‘Make in India’. Currently, 20+ brokerages are covering HAL, with an average target price of ₹5,230 to ₹5,300.
Opinion and target of major brokerages:
- CLSA: Outperform, target ₹5,436 (38% upside) – strong order book and focus on execution.
- Nomura: Buy, target ₹6,000 (45%+ upside).
- JPMorgan: Buy, target ₹6,004.
- Nuvama: Buy, target ₹5,800.
- Morgan Stanley: Underweight, target ₹3,355 (some cautious stance).
Consensus:
21 brokerages Buy, 1 Hold, 3 Sell. The average 12-month target is ₹5,261 (30%+ upside). Analysts say that if execution improves after Q3, there will be further upside in FY27. However, some have advised caution regarding the PE ratio (currently 29.7x) and valuation.
Long-term view:
HAL’s strong promoter holding (71.6%), continuous orders (Tejas Mk1A, LCA, helicopters), and export potential make it an attractive option for investors in the long run. However, it’s important to keep an eye on global supply chains and budget implementation.
Conclusion:
On 26 February 2026, HAL shares are trading with mild gains, and sentiment remains positive due to centrums deals and strong analyst views. Investors should do their own research and consider risks before making decisions. Check NSE/BSE websites for more updates after market close.
Disclaimer:
NiftySharePrice.com stock market news is based on publicly available authentic data sources like NSE – BSE and SEBI-authorized brokers & analysts only. Investing in the stock market involves risk. So, do your own research and consult your authorized advisors before investing.
