Shares of Hindustan Aeronautics Limited (HAL) tumbled sharply in trading today, with the stock falling as much as 8 percent to hit intraday lows below ₹4,100.
The steep decline came amid fresh market concerns after reports emerged that the state-owned aerospace and defense giant was not shortlisted to participate in the government’s Advanced Multirole Combat Aircraft (AMCA) programme, a next-generation fighter jet project that is seen as a key strategic and commercial opportunity for indigenous defense manufacturers.
HAL has informed the stock exchanges that it is yet to receive communication from DRDO on the AMCA project.
The AMCA project, envisioned as a cornerstone of India’s future air-combat capabilities, has instead seen private sector contenders such as Larsen & Toubro, Bharat Forge and Tata Advanced Systems take the lead in the prototype phase, according to reports.
HAL shares traded 6 per cent lower at ₹4,212.80 on the NSE at 11.30 am, after hitting a low of ₹4,097.60 against the previous close of ₹4,470.40.
Published on February 4, 2026