PSU defence stock, April 17 -- Hindustan Aeronautics share price has increased by 37% over the last seven weeks. The PSU defence stock faced challenges from June 2024 through February 2025, but started to recover in March 2025. Brokerage firm JM Financial anticipates that HAL shares will outperform the Nifty 50.

In its report, the domestic brokerage noted that HAL shares benefit from a favourable price trend in the second quarter of the calendar year. Over the past five years, it has ended the second quarter positively on each occasion, yielding an average return of approximately 34%. Year-to-date, the stock has slightly outperformed the Nifty 50 by about 2%, according to the JM Financial report.

Anshul Jain, Head of Research at Lakshmi...