Hindustan Aeronautics stock price soar by 9.8% as India Government is travelling in right direction.
Indian Government approved to procure 83 indigenously developed fighter aircraft 'Tejas' by allocating 48,000 Crores INR. Tejas aircrafts to be delivered by 2024.
Indian Government is planning to achieve self sufficiency in defense.
During this process, Hindustan Aeronautics will get benefit.
Even in 2023 elections also there is high possibility that BJP will come into power in Central Government.
Considering this Hindustan Aeronautics is a good stock to invest for 4 years and in next 4 years Hindustan Aeronautics stock price will go above 1500.