The data bore evidence to this claim. Of 129 fighter jet crashes in the past two decades, only eight crashes were of those built indigenously by the company
The Nifty Defence index has shed nearly 3 per cent in November, with stocks such as BEML, MIDHANI and HAL among others falling up to 17% despite 1% gain on the Nifty 50.
Hindustan Aeronautics, which manufactures the aircraft powered by General Electric engines, said it does not expect the incident to impact its business operations
At 12:03 PM on Monday; NSE India Defence index was the top loser among sectoral indices, down 2 per cent, as compared to 0.08 per cent rise in the Nifty 50.
Govt ropes in BCG to conduct study in view of firm's growing order book
On the bourses, HAL share price was trading 0.27 per cent lower at ₹4,734 per share at 10 AM. By comparison, the BSE Sensex was trading flat at 84,463.92 levels.
HAL's new R&D manual to be unveiled Monday; Rs 17,000 crore in internal funds already earmarked for R&D investment over the next few years
India is looking at taking domestic defence production to 100 per cent as dependence on foreign military supplies creates "strategic vulnerability", Defence Minister Rajnath Singh said on Friday. Singh said this after inaugurating a third production line of Tejas Light Combat Aircraft (LCA)-Mk1A and a second manufacturing facility of trainer jet HTT-40. With opening of the new facility for Tejas jets, the Hindustan Aeronautics Ltd (HAL) is expected to produce at least 24 LCA aircraft. "There was a time when the country was dependent on other countries to meet its defence needs, and almost 65-70 percent of defence equipment was imported," Singh said in his address "But today, this situation has changed; now India is doing 65 per cent manufacturing on its own soil," he said. "Very soon, we will take our domestic manufacturing to 100 per cent as well," he said. Singh said India's defence export has reached a record Rs 25,000 crore which was less than Rs 1,000 crore few years ago. "
The first Tejas Mk1A produced at the third line is fully assembled and has completed all pre-flight tests, HAL officials said
Stocks to buy today: Ruchit Jain on Motilal Oswal recommends buying Cholamandalam Investment, SBI Life and HAL; here's why
Citi said that it prefers execution leaders exposed to key thematics, with Cummins India and Bharat Electronics as its top picks
Among individual stocks, Solar Industries, Bharat Electronics, Data Patterns and PTC Industries are Goldman Sachs' top buy ideas, while Bharat Dynamics has been rated Sell'.
PSBs have benefited from the Reserve Bank of India's (RBI) cumulative 100 basis points (bps) repo rate cut in three tranches till June 2025, and liquidity measures that lowered borrowing costs
The aircraft will have indigenous content of over 64 per cent, and this is over and above a previous contract for 83 LCA Mk-1A aircraft signed in January 2021
Nomura maintains a 'Buy' rating on HAL with a target price of ₹6,100, citing the streamlined delivery process and the bolstered order book as key positives.
Since being inducted in 1963, the MiG-21 has seen action in every major conflict involving India
The brokerage has assigned an 'Add' rating to HAL and BEL, with target prices of ₹6,325 and ₹459, respectively, while Bharat Dynamics, Astra Microwave, and Data Patterns remain 'Not Rated.'
Antique Broking maintained its 'Buy' rating, with a target price of ₹6,360 per share, the highest target assigned by any analysts under the Bloomberg coverage
Bajaj Finance, Coal India and Hindustan Aeronautics are the buy recommendations given by Ajit Mishra of Religare Broking
Hindustan Aeronautics (HAL) share price rose 3.5 per cent on Wednesday, logging an intra-day high at ₹4,611.6 per share on BSE; here's why