HAL Shares Witness Sharp Decline Following Tejas Accident
Shares of Hindustan Aeronautics Ltd (HAL) experienced a significant drop, falling over 8% during early trading on Monday, November 24, 2025. This sharp decline came in the wake of a tragic incident involving a Tejas fighter jet at the Dubai Air Show.
Details of the Tejas Fighter Jet Crash
The Tejas aircraft, manufactured by HAL for the Indian Air Force, crashed while performing an aerobatic display at a low altitude. The pilot, Wing Commander Namansh Syal, tragically lost his life in the accident. In response, the Indian Air Force has promptly constituted a Court of Inquiry to investigate and determine the precise cause of the crash.
On the Bombay Stock Exchange (BSE), the HAL share price plummeted as much as 8.48% to ₹4,205.25 per share. Meanwhile, on the National Stock Exchange (NSE), the stock fell up to 4.13% to ₹4,405.00 per share. By 9:35 AM IST, the stock was trading 2.81% lower at ₹4,465.70 on the BSE.
Analyst Outlook and Long-Term Fundamentals
Despite the immediate market reaction, defence analysts suggest that this single event does not point to any underlying structural problems with the Tejas program. They emphasize that HAL's long-term fundamentals remain robust, underpinned by several key factors.
These include the company's strong execution capabilities, a well-established and visible order book, and its continued strategic importance to India's defence modernisation plans. The incident, while tragic, is not expected to derail the company's strong growth trajectory in the defence sector.
