Business There is a huge fall in the shares of Hindustan Aeronautics Limited in the Indian stock market on Monday, 24 November. The company’s shares had fallen by 8 percent in the early morning. The reason behind this fall in shares could be the crash of Tejas fighter jet.

Recently, during the air show organized in Dubai, Tejas fighter jet manufactured by Hindustan Aeronautics Limited had crashed. In which the pilot died. The impact of this incident is visible on the business day of Monday.

Company becomes red in stock market

On Monday, the first trading day of the week, at around 11:25 am, the company’s shares were trading at Rs 4436.80 on BSE with a decline of 3.44 percent or Rs 158.20. The shares started the day at Rs 4205.25. Till the time of writing the news, 4482.00 was the high level.

Talking about the 52-week high level of company shares, it had reached the figure of Rs 5,166. The shares of the company were also trading at red mark on NSE. A fall of Rs 160 was seen in the shares. Company shares were trading at Rs 4,436.

Shock for defense sector

Tejas fighter aircraft is quite famous for its affordable prices. This is why, many small countries are interested in buying this jet. However, Indian hopes may get a setback due to the unfortunate incident in Dubai. Many buyer countries were also present during the air show. Hopefully, India can get a big order.