HAL shares range-bound despite better-than-expected Q2 results. What Goldman Sachs, Nuvama and other brokerages expect

Shares of Hindustan Aeronautics traded mixed after reporting a 16% year-on-year profit increase. Revenue from operations also rose nearly 15%, leading to varied brokerage reactions. Nuvama maintained a 'Hold' rating, citing execution concerns despite a strong order backlog. Both Goldman Sachs and Citi issued 'Buy' ratings, indicating upside potential based on future deliveries. Analysts emphasize the importance of execution and inventory preparedness for sustained growth.