Hindustan Aeronautics: Will Tejas Aircraft Crash In Dubai Airshow Impact Defence PSU HAL Share Next Week?

The Dubai Airshow turned fatal after a Indian-based Tejas fighter jet crashed brutally during the flying demonstration. This comes as a huge blow for not only India's defence system but also the largest defence player of the country, Hindustan Aeronautics (HAL). The Maharatna PSU is the maker of Tejas aircraft. The latest crash could have a sentimental impact on HAL's share price when it opens for trading next week.

Dubai Airshow Tejas Aircraft Crash

The HAL's Tejas aircraft was scheduled to perform on the last day of the Dubai Airshow event. However, during its demonstration, the aircraft crashed at around 2.10 pm of November 21st, killing the pilot.

The witnesses at Al Maktoum International Airport captured the last moment of the fighter jet. As per the witnesses, the single-seat Light Combat Aircraft (LCA) Tejas fighter jet found difficulty in its negative G manoeuvre into roll. The aircraft was flying at a low altitude and could not snap the negative G turn quickly. This was part of its aerobatic display manoeuvre. The witnesses added that the fighter jet kept going lower and lower before slamming into the soil.

Eye-witnesses were left in shock and disbelief by the incident.

Watch Here A Snippet Of What Happened:

The pilot who flew the aircraft was a wing commander Namansh Syal of Indian Air Force. He was 34-year-old and married to female IAF office. They have a six-year-old daughter. His native roots are from Patiyalkar village, Himachal Pradesh.

Over this incident, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said, "The nation has lost a brave, dutiful, and courageous pilot. I express my deepest condolences to the bereaved family members."

HAL Tejas Aircraft:

The Tejas aircraft is designed by the Aeronautical Development Agency and manufactured by Hindustan Aeronautics Limited (HAL) for the Indian Air Force (IAF) and the Indian Navy. The single-engine aircraft was first launched in 2001, and started flying in the Indian Air Force in 2015. Tejas is said to the smallest and lightest of its generation among the supersonic fighter jets.

As per HAL's website, LCA Tejas is a 4.5 generation, all weather and multi-role fighter aircraft. The aircraft is designed to be a multi-role aircraft capable of taking up offensive air support, close combat and ground attack role at ease. It is also designed to undertake Ground Maritime Operations. The different variants of aircraft under production and development are:

Further LCA Mk1A is the most advanced version of the LCA Tejas. It is equipped with AESA Radar, EW suite consisting of radar warning and self-protection jamming, Digital Map Generator (DMG), Smart Multi-function Displays (SMFD), Combined Interrogator and Transponder (CIT), Advanced Radio Altimeter and other advances features.

As of November 2025, the air force has about 30 Mark 1 aircraft and six trainers in its inventory across two squadrons.

HAL Share Price:

Since the aircraft crashed at around 2:10 pm of November 21, HAL share price which was already under pressure on Friday, extended its losses. After the news broke of the fighter jet's crash in Dubai, HAL share price went from trading around Rs 4,612 to erasing Rs 4,600 mark.

After closing bell, HAL share price closed at Rs 4595 apiece on BSE, down by 2.6% with market cap of Rs 3,07,302.11 crore.

The full-fledged impact of the aircraft will be observed during next week's trading session as the accident will undergo intense investigation, preliminary reports and briefings like any other protocol for aircraft crash.

Should You BUY HAL Share Price?

Before the crash, the consensus recommendation from 19 analysts for Hindustan Aeronautics Ltd. is BUY. As per Trendlyne data, the target price is set at Rs 5622.89 apiece, which signalled at nearly 22.4% potential upside.

The latest to recommended BUY is ICICI Securities for a target price of Rs 5,725.

Analysts here said, HAL, at present, is sitting on its highest-ever orderbook of INR 2.5-2.6 trillion post receiving the additional order for 97nos LCA Mk1A worth INR 624bn. The company added another feather by signing MoU for production of SJ-100 in India. Though the company inaugurated third production line of LCA Mk1A and second line of HTT-40, non-availability of engines is plaguing execution. Going forward, ramp-up in execution could remain a key monitorable.

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