Shares of Hindustan Aeronautics Ltd (HAL) ended over 3% lower on Monday, following the crash of a Tejas aircraft, manufactured by the aerospace behemoth, during an aerial display at the Dubai Air Show last week.
The stock tanked 8.48% to ₹4,205.25 during the day on the BSE. Later, shares of the firm recovered some of the early lost ground and ended at ₹4,443, down 3.31% from the previous close.
At the NSE, the stock dropped 4.13% to hit the day's low of ₹4,405. It finally ended at ₹4,445.10, down 3.26%.
31 October 2025
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HAL on Friday said it was deeply saddened by the loss of life of the "courageous IAF pilot" during the aerial display at the Dubai Air Show.
Wing Commander Namansh Syal, who hailed from Himachal Pradesh, was killed on Friday after the indigenous multi-role Light Combat Aircraft (LCA), Tejas, crashed in a ball of fire during the aerial display at the Dubai Air Show.
It was the second time in 20 months that the aircraft manufactured by HAL was involved in a crash. The earlier accident occurred in Jaisalmer, Rajasthan, in March last year, but the pilot ejected safely.
"HAL is deeply saddened by the loss of the courageous IAF pilot during the aerial display at the Dubai Air Show. HAL expresses its heartfelt condolences to the bereaved family.
