Overview
- Indian Air Force Wing Commander Namansh Syal died when a Tejas crashed during a Dubai Airshow display on 21 November.
- HAL fell about 8–9% in early 24 November trade, briefly to around ₹4,205 on the BSE, before broker notes highlighted long‑term support from its order book.
- Preliminary reporting points to a possible negative‑G manoeuvre, and a court of inquiry has been constituted to determine the cause.
- Choice Broking and Elara Capital reaffirmed Buy ratings with targets of ₹5,570 and ₹5,680 respectively, cautioning only on potential short‑term export sentiment.
- A busy market day also featured Fineotex’s 1.375 crore share allotment, Tata AMC’s Titanium SIF NFO opening with a ₹10 lakh minimum, and sharp moves in smaller stocks including Mercury Ev‑Tech and Elitecon.