HAL shares drop over 8% after Tejas jet accident
after close1 source ↓written by the desknot a recommendation
- to ₹4
- 8.48%
- in the Nifty
- 1.5% drop
- now stands
- ₹2.96 lakh crore
- over six months
- 11% decline
Shares of Hindustan Aeronautics fell 8.48% to ₹4,205.25 following a Tejas fighter jet accident at the Dubai Air Show, which resulted in the death of an IAF officer. The decline mirrors the 1.5% drop in the Nifty Defence index, impacting sector peers like Paras Defence and BEML.
The market capitalization of HAL now stands at ₹2.96 lakh crore, reflecting a 11% decline over six months, raising concerns among traders.
Not investment advice. For informational purposes only.