UBS initiated coverage on HAL with a buy rating and a target price of Rs 3600. HAL is a credible defence compounder in the making, it said.
Over 800 smallcaps end the week in red. 116 stocks fall in double-digits up to 43%
BSE Smallcap fell 2% last week, with 821 stocks declining up to 43%. Market sentiment remained weak due to US recession fears and tariff wars.