Tax collections are partly dependent on the nominal GDP number, it comes into the denominator. So that is a matter of concern and that is something I would focus on in looking at the Budget numbers tomorrow.
HAL shares gain 2% after Q1 earnings beat estimates. Nomura, other brokerages hike target price
In the first quarter of FY27, Hindustan Aeronautics showcased a robust 15% rise in net profit, prompting brokerages to adjust their target prices for HAL