India's HAL falls on reports IAF grounding Tejas fleet

Hindustan Aeronautics

23/02/2026 06:29

** Hindustan Aeronautics HIAE.NS falls 3.6% to 4,025 rupees

** Indian Air Force grounds fleet of ~30 Tejas fighter jets for technical checks after recent crash, broadcaster India Today reports

** HAL did not immediately respond to Reuters request for comment

** About 1.73 mln shares traded, in line with 30-day avg

** Stock rated "buy" on avg; median PT is 5,387 rupees, per data compiled by LSEG

** HIAE down 5% YTD

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))