India's HAL falls as Tejas jet crash weighs on sentiment

Hindustan Aeronautics

24/11/2025 03:59

** Shares of Hindustan Aeronautics HIAE.NS fall 3.4% to 4,440.10 rupees, set for their steepest decline since April 7, if losses hold

** HAL's Tejas fighter jet crashed during an aerial display at the Dubai Airshow on Friday and the Indian Air Force is setting up a court of inquiry to investigate the cause

** Citing experts, CLSA ("Outperform", PT: 5,436 rupees) says possible causes include General Electric's GE.N engine thrust loss, aerodynamic stall effects, or human error

** Sees volatility as a chance to accumulate due to its $54  billion pipeline as fighter jet deliveries and GE deal clarity

** Adds that Tejas has had only one incident in more than 20 years and remains HAL's flagship with 180 units on order

** GE ready to support investigation - statement

** Twenty analysts have a "buy" rating on avg; median PT is 5,800 rupees - data compiled by LSEG

** YTD, HIAE up 7.3%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))