Overview
- An Indian Air Force Tejas crashed during a 21 November demonstration near Dubai’s Al Maktoum International Airport, killing Wing Commander Namansh Syal.
- The IAF has convened a court of inquiry, with investigators pointing to a Negative‑G manoeuvre as an early hypothesis while final findings are pending.
- HAL stock fell roughly 8–9% in early trade on 24 November, with market capitalisation around ₹2.81 lakh crore reported on the BSE.
- Choice Broking reiterated a Buy with a ₹5,570 target, calling air‑show demos inherently risky, warning of possible short‑term export sentiment impact, and stressing HAL’s strong execution and fundamentals.
- Elara Capital maintained Buy with a ₹5,680 target, expecting order book and execution to remain intact and highlighting near‑term focus on domestic deliveries and Tejas Mk1A production ramp‑up.