TV9
user profile
Sign In

By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.

Subscribe Whatsapp Channel
Bihar 2025 India Sports Tech World Business Career Religion Entertainment LifeStyle Photos Shorts Education Science Cities Videos

HAL share price target: Buy, Sell or Hold? What brokerage is saying after Tejas crash

HAL shares plummeted 9% after a Tejas jet crash at the Dubai Air Show killed an IAF officer. This incident, while impacting broader defence stocks and the Nifty Defence index, saw Elara Capital maintain a "Buy" rating for HAL. They predict a 24% upside, expecting minimal long-term order impact, though export delays for Tejas Mk 1A are possible.

Brokerage initiates Buy rating on Buy HAL shares
Brokerage initiates Buy rating on Buy HAL shares Credit:HAL and PIB
| Updated on: Nov 24, 2025 | 12:20 PM

New Delhi: The shares of Hindustan Aeronautics Ltd (HAL) witnessed a sharp decline in trading on Monday morning (November 24, 2025)m following the news of the crash of a HAL-made Tejas fighter jet and the death of an IAF officer at the Dubai Air Show last week. The stock fell nearly 9 percent to Rs 4,205.25 at the time of writing this article, which is the lowest level in the last seven months. However, it also saw a slight recovery after half an hour of decline.

Weakness in Defence Stocks, Nifty Defence Index slips

Besides HAL, shares of other defence segments were under pressure on Monday. Stocks like Data Patterns, GRSE, Zen Tech, Paras Defence, BEML, Cochin Shipyard were down. Due to this, the Nifty Defense index was down about 1.5 percent in morning trading.

Also Read
The NHAI project Hazoor Multi Projects won is worth Rs 13.87 crore but it is significant for a small company.
Penny stock climbs 178 times; wins major contract from NHAI | See details
The workshop of the company is approved/enlisted by global consultants such as Thyssenkrupp, Tecnimont, Aker Kvaerner, Jacobs, PESO etc.
Two international deals, strong order book but price below Rs 60: Know details of this stock
Besides supplying rolling stock for the railways, Temaco also manufactures hydro-mechanical equipment for power plants, steel castings and steel structures for bridges and other infrastructure projects.
Kolkata-based co has orders of Rs 6,367 crore: Wins more deals from railways; stock in limelight

Buy Rating on HAL shares

Despite the accident, the brokerage house Elara Capital was positive on HAL stocks.

Elara Capital's opinion: Buy

Target Price: Rs 5,680

Upside potential: about 24 percent

The accident will not have any major impact on the company's orders or delivery timeline, the brokerage said in its report. However, it also said that some delays are possible in the export orders of the Tejas Mk 1A.

Tejas Jet Crash

On the afternoon of 21 November, the Tejas fighter jet crashed while performing tricks at the Dubai Air Show. It was a single-seat Light Combat Aircraft (LCA), which went up in flames as soon as it fell to the ground. Black smoke was seen rising above Al Maktoum International Airport and the rescue teams were immediately sent to the spot. The IAF confirmed that the pilot died in the accident. The Air Force said that a Court of Inquiry is being set up to find out the cause of the accident.

HAL's Tejas is a single-engine, 4.5 generation multirole combat aircraft developed jointly by the Aeronautical Development Agency (ADA) and HAL. This incident is the second accident involving Tejas in the last two years. Earlier in March 2024, a Tejas jet crashed in Jaisalmer, Rajasthan, which was the first accident of this fighter jet after the first flight in 2001.

(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver and crypto assets.)

{{ articles_filter_432_widget.title }}