Hindustan Aeronautics trades at all-time high; likely to see 20% upside

The overall chart outlook hints at a rally towards the Rs 2,000 mark for the stock.

Hindustan Aeronautics was trading at a fresh all-time high following reports that the company emerged as the lowest bidder to make five Polar Space Launch Vehicles (PSLVs) for ISRO.
 
The stock started trade a per cent higher and rallied to almost 4.50 per cent to hit a high of Rs 1,693 in intra-day trades of Monday so far. The stock was seen comfortably holding the gains till the mid-session.
  
Hindustan Aeronautics Ltd (HAL)
Likely target: Rs 2,000
Upside potential:  20%

Shares of Hindustan Aeronautics hit a new all-time high of Rs 1,693 level on Monday so far.