HAL Share Price In Focus Next Week As Tejas Jet Crashes At Dubai Air Show, Pilot Dies

HAL Share Price: An Indian Air Force Tejas fighter jet participating in a demonstration at the Dubai Air Show crashed on Friday. The IAF pilot of the aircraft was killed in the incident, confirmed IAF. Shares of Hindustan Aeronautics Limited (HAL), the manufacturer of Tejas fighter jet, will remain in focus in the next trading session.

HAL shares closed 2.56% lower at Rs 4,595 per share on BSE with a market capitalisation of Rs 3,07,302.11 crore. The stock had dipped to an intraday high mark of Rs 4714.05 per share and an intraday low mark of Rs 4584.05 per share.

Tejas Jet Crash In Dubai

Tejas aircraft of the IAF crashed in the Dubai Air Show 2025, the Indian Air Force confirmed on Friday. The fighter jet creashed during a flight demonstration on the last day of the ongoing Dubai Airshow at the AI Maktoum International Airport. The pilot of the aircraft succumbed to fatal injuries. The IAF also confirmed that a court of inquiry is being constituted to ascertain the cause of the accident.

"An IAF Tejas aircraft met with an accident during an aerial display at Dubai Air Show, today. The pilot sustained fatal injuries in the accident. IAF deeply regrets the loss of life and stands firmly with the bereaved family in this time of grief," a statement by the Indian Air Force said.

Tejas fighter jet crashed around 2:10 pm local time while performing an aerial display before a large crowd, reported ANI citing local media. As per Khaleej Times, the fighter jet crashed into the ground soon after take-off. Photos and videos shared online show plumes of black smoke billowing into the air from the aircraft on the ground.

HAL Share Price In Focus

HAL shares closed nearly 2% lower on Friday. The company scrip will remain in focus during Monday's trading session.

"When a frontline indigenous fighter suffers an accident on a global stage, it triggers immediate questions on reliability, export readiness, and operational safety. Even though the government clarified that earlier concerns around oil leakage were unfounded and unrelated, the incident still places HAL under heightened scrutiny at a time when expectations are exceptionally high," noted Harshal Dasani, Business Head, INVasset PMS.

The incident occured amid rumours about Indian LCA Tejas Mk1 oil leakage during the Dubai Air show. However, the Press Information Bureau (PIB) has debunked the rumour and clarified that "false narrative is being deliberately pushed" online.

HAL Share Price Outlook

While HAL's strong order book, better Q2 results, and flawless execution has strengthened investors confidence around the defence stock, the recent incident may lead to some short-term volatility, noted Dasani.

"HAL enters this phase with one of the strongest order books in the company's history, including the recent mega order for 97 Tejas units and ongoing demand for helicopters and engines. But the stock was priced for perfection. Trading at elevated valuation multiples, the market was assuming flawless execution and uninterrupted momentum in India's defence-manufacturing push. An incident like this doesn't change the long-term trajectory, but it does introduce short-term reputational risk, and investors typically move to reassess risk-reward when valuations are rich," explained Dasani.

"The key now is the outcome of the investigation and the speed at which HAL and the defence establishment communicate technical clarity," he added.