HAL Shares Sink 6% After AMCA Snub: Inside India’s Biggest Defence Shock
HAL Share Price Crash Explained: Why One Report Shook India’s Defence Giant Hindustan Aeronautics Ltd (HAL) stunned investors on Wednesday as its shares plunged more than 6% intraday , erasing significant market value within hours. What made the fall more striking was the timing. Just a day earlier, HAL had closed nearly 3% higher , riding a broad-based market rally. There was no earnings miss, no guidance cut, and no regulatory action. Instead, the trigger was a single media report — one that questioned HAL’s future role in India’s most ambitious fighter jet program, the Advanced Multirole Combat Aircraft (AMCA) . For a company long seen as the backbone of India’s indigenous aerospace ambitions, the market reaction was swift and unforgiving. Why the Market Reacted So Sharply The sell-off was driven by a combination of sentiment shock and structural anxiety . According to a report cited by The Economic Times , HAL may have been kept out of the race to partner with the Aeronau...