BUZZ — Jefferies maintains 'buy' on India's Hindustan Aeronautics on Tejas Mk1A delivery outlook

* Jefferies maintains "Buy" on Hindustan Aeronautics with TP of 6,800 rupees ** Says deliveries of aircraft Tejas Mk1A are a key trigger for the stock; programme accounts for 43% of the co's order book ** Notes HAL's 2.55 trillion rupees ($26.57 billion) order book and 1.8 trillion rupees order pipeline provide strong revenue growth through FY30 ** Raises EPS estimates for FY27 and FY28 to 5% and 4%; revenue estimates to 1% and 3%, respectively ** Sees execution delays in manufacturing and defence-indgenisation spending as key risks ** Shares of HIAE rise 2.8% to 4,680.70 rupees * Stock rated "Buy" on avg by 27 analysts, with median PT of 5,760 rupees - data compiled * Stock up 6.41% YTD ($1 = 95.9550 Indian rupees) (Reporting by Anushka Rajvedi in Bengaluru) ((mailto: anushka.rajvedi@thomsonreuters.com)