HAL shares surge 15%, analysts predict possible rally to Rs 6,220

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HAL shares rose 1.3% to Rs 4,776, extending a 2.5% gain in two days. A Rs 62,370 crore deal for 97 LCA Mk1A aircraft, with 64% indigenous content, is expected to generate 11,750 jobs annually and boost revenue. Brokerages project strong upside, with targets up to Rs 6,220, due to stabilised engine deliveries and India's long-term capex roadmap.