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What is the story about?
Shares of Hindustan Aeronautics Ltd. (HAL)
are down over 6% in early trading on Wednesday, February 4, after a report suggested that it is out of the race to develop a stealth fighter jet.
The stock had last seen a fall of this quantum back on February 3, 2025.
A report in the Hindustan Times on Wednesday, citing sources, states that HAL is no longer in the race to develop India's fifth-generation stealth fighter jet or the Advanced Medium Combat Aircraft (AMCA).
Sources also said that this will be the first time that HAL will not be involved in a significant military project, the report stated.
Seven companies had bid for the program last year, of which three have met the criteria and have advanced to the next stage of the evaluation process, according to the report, which added that the contract is expected to be awarded to the lowest bidder in three months.
Among those who are competing for the project include Tata Advanced Systems, Adani Defence and Aerospace, Bharat Electronics (BEL) in a tie-up with Larsen & Toubro (L&T), Goodluck India, which has partnered with BrahMos Aerospace Thiruvananthapuram Ltd. and Axiscades Technologies, Bharat Forge, who are in partnership with BEML Ltd. and Data Patterns Ltd.
CNBC-TV18 reached out to Hindustan Aeronautics for an official remark to which they said that they would not want to comment on this as they do not have any clarity for now.
HAL is one of the most leveraged stocks in the margin trading facility book, with data suggesting leveraged positions of close to ₹1,500 crore in the MTF book as of February 1, 2026, only second to the Nippon AMC Silver ETF.
Shares of HAL are trading with losses of over 6% on Wednesday at ₹4,188.1. The stock has gained 12% over the last one year.
The stock had last seen a fall of this quantum back on February 3, 2025.
A report in the Hindustan Times on Wednesday, citing sources, states that HAL is no longer in the race to develop India's fifth-generation stealth fighter jet or the Advanced Medium Combat Aircraft (AMCA).
Sources also said that this will be the first time that HAL will not be involved in a significant military project, the report stated.
Seven companies had bid for the program last year, of which three have met the criteria and have advanced to the next stage of the evaluation process, according to the report, which added that the contract is expected to be awarded to the lowest bidder in three months.
Among those who are competing for the project include Tata Advanced Systems, Adani Defence and Aerospace, Bharat Electronics (BEL) in a tie-up with Larsen & Toubro (L&T), Goodluck India, which has partnered with BrahMos Aerospace Thiruvananthapuram Ltd. and Axiscades Technologies, Bharat Forge, who are in partnership with BEML Ltd. and Data Patterns Ltd.
CNBC-TV18 reached out to Hindustan Aeronautics for an official remark to which they said that they would not want to comment on this as they do not have any clarity for now.
HAL is one of the most leveraged stocks in the margin trading facility book, with data suggesting leveraged positions of close to ₹1,500 crore in the MTF book as of February 1, 2026, only second to the Nippon AMC Silver ETF.
Shares of HAL are trading with losses of over 6% on Wednesday at ₹4,188.1. The stock has gained 12% over the last one year.
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