Nomura initiates a buy call on HAL and BEL, eyeing increased visibility on order inflows, conviction on margin de ry for BEL. Also adds, that there is a $138 Bn opportunity over FY24-32 Nomura initiates a buy call on HAL and BEL, eyeing increased visibility on order inflows, conviction on margin de ry for BEL. Also adds, that there is a $138 Bn opportunity over FY24-32