HAL shares drop over 4% after Q4 results. What are Goldman Sachs and Nomura saying?

Hindustan Aeronautics Limited shares fell over 4% despite reporting steady Q4FY26 earnings growth, strong sequential performance and higher annual profit. While Nomura maintained a ‘Buy rating, citing strong order backlog and valuations, Goldman Sachs stayed ‘Neutral, pointing to weaker execution and margin pressure despite robust revenue visibility.

Raccontata dam.economictimes.com