HAL Gets Goldman Sachs Upgrade: Is This The Start Of A Fresh Defence Rally? Expert Explains

Hindustan Aeronautics Ltd (HAL) surged after Goldman Sachs upgraded the stock to a 'Buy' rating and raised its target price to ₹5,870, implying significant upside. Vinit Bolinjkar, Head Research, Ventura Securities, believes the stock has emerged from its consolidation phase and could see further momentum. He also highlights that the bigger opportunity may lie in smaller defence and drone companies, which could benefit from rising defence spending and faster execution. In this Business Today interview, Vinit Bolinjkar shares his outlook on HAL, defence stocks, and the next potential winners in the sector.