New Delhi, Nov. 14 -- Hindustan Aeronautics Ltd (HAL) shares have recently faced selling pressure, with the Maharatna defence public sector undertaking (PSU) stock declining 3.5% in one week, 1% in one month and 3% in three months. However, the stock remained in positive territory over longer periods, gaining 4% in six months and 1% in one year. It also delivered multibagger returns of around 600% over five years.

In the previous trading session, HAL shares fell 0.7% to close at Rs.4,809.80. Despite the recent weakness, international brokerage Citi maintained its bullish stance on the defence major, retaining its 'Buy' rating and target price of Rs.6,175 per share. The target indicated an upside potential of around 28% from the previous ...