Pilot killed in Tejas jet crash at Dubai Air Show identified
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The crash of a Tejas aircraft during the Dubai Air Show led to a significant drop in Hindustan Aeronautics Ltd's (HAL) shares. The crash claimed the life of IAF pilot Wing Commander Namansh Syal. HAL has faced two Tejas aircraft crashes in 20 months,
The news from Dubai on Friday shook every Indian. An indigenous multi-role Light Combat Aircraft (LCA) Tejas crashed at the Dubai Airshow, resulting in the death of Wing Commander Namansh Syal. This was the second such accident involving LCA Tejas in less than two years.
HAL share price is expected to remain volatile today after the Tejas fighter jet crash at the Dubai Air Show. Analysts expect near-term pressure but view the accident as an isolated event with limited long-term impact.
HAL also said that is cooperating with ongoing investigation and that all stakeholders will be informed of any "material developments".
HAL describes Dubai Tejas jet crash as isolated, assuring no impact on operations or future deliveries amid ongoing investigation.
HAL calls Tejas crash at Dubai Air Show an isolated incident, assuring no impact on future deliveries despite a sharp stock drop.
Hindustan Aeronautics Ltd (HAL) shares tumbled nearly 8.5% after a Tejas fighter jet crashed during a Dubai Air Show demonstration, tragically killing the pilot. Analysts suggest a sideways trend for HAL stock with support at Rs 4,
Brokerages flag limited export impact for now, saying the real test lies in accelerating Tejas Mk-1A domestic deliveries.