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,

HAL’s long-term fundamentals to remain robust, supported by strong execution, established order visibility and continued strategic importance to India’s defence modernisation plans, analysts said.

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.

The Dubai Airshow turned tragic for India when a Tejas fighter jet crashed during a live aerobatic display, killing Wing Commander Namansh Syal. In its official statement, HAL termed the event an “isolated occurrence” arising from “exceptional circumstances”,

HAL also said that is cooperating with ongoing investigation and that all stakeholders will be informed of any "material developments".

Days after a Tejas fighter jet crashed during an air show in Dubai, Hindustan Aeronautics Limited (HAL) said on Monday that the incident was an “isolated occurrence”.

The incident, witnessed by onlookers, involved the aircraft executing a manoeuvre, resulting in thick black smoke billowing from the runway at Al Maktoum International Airport.