India's HAL says Tejas crash an isolated incident; shares fall

Hindustan Aeronautics

24/11/2025 08:38

Updates

** Shares of Hindustan Aeronautics HIAE.NS fall 2.1% to 4,498.90 rupees

** Co says Tejas fighter jet crash in Dubai last week was an isolated occurrence caused by exceptional circumstances

** No affect on business operations, financials or future deliveries - HAL

** Shares fall as much as 4.1% on the day

        ** 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

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

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

** YTD, HIAE up 7.6%

 (Reporting by Urvi Dugar in Bengaluru)

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