HAL Stock Plunges 3% Following Tejas Fighter Jet Crash During Training Exercise
Hindustan Aeronautics Ltd Shares Decline Following Tejas Aircraft Accident
Hindustan Aeronautics Ltd (HAL) shares declined by 3% on February 23, trading at Rs 4,037 apiece. The decline comes after a Tejas light combat aircraft of the Indian Air Force (IAF) sustained major damage in a suspected brake failure incident on February 7.
The pilot of the aircraft ejected safely, and the IAF has grounded the entire fleet of around 30 single-seat Tejas jets to conduct an extensive technical scrutiny. This is the third accident involving the Tejas jets, following incidents in March 2024 and November 2025.
The Tejas jet program has been plagued by delays, with HAL missing several deadlines to supply the Tejas Mark 1A variant to the IAF. In February 2021, the defence ministry sealed a Rs 48,000 crore deal with HAL for the procurement of 83 Tejas Mk-1A jets. A subsequent deal worth Rs 62,370 crore was sealed in September 2023 for the procurement of 97 Tejas MK-1A light combat aircraft.
The Tejas is a single-engine multi-role fighter aircraft capable of operating in high-threat air environments, designed to undertake air defence, maritime reconnaissance, and strike roles.
Investor Takeaway
Investors should be cautious of HAL stock due to the recent crash of a Tejas fighter jet.
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