New Delhi, Aug. 13 -- Domestic brokerages retained a positive but mixed view on Hindustan Aeronautics (HAL) following its healthy June-quarter performance.

Motilal Oswal said the company's results came in ahead of its estimates and therefore kept its earnings estimates unchanged. The brokerage retained its 'Buy' rating on the stock with a target price of Rs.5,800 apiece.

With supply-chain-related issues for GE starting to ease, the brokerage expects Tejas deliveries to ramp up from FY28 onwards. Beyond Tejas, execution of other platforms, including LCH Prachand, ALFP 31 engines, HTT-40, RD-33 engines, and 12 units of Su-30 aircraft, is also expected to pick up and support topline growth.

Anand Rathi has also retained its 'Buy' rating o...