A Tejas fighter jet crash at the Dubai Air Show killed Indian pilot Wing Commander Namansh Syal, raising safety concerns and affecting HAL's stock.

A Tejas fighter jet crash during a Dubai Air Show demonstration on Friday killed Indian Air Force pilot Wing Commander Namansh Syal, triggering concern over the aircraft’s safety and export prospects. The incident, the second Tejas crash in under two years, caused Hindustan Aeronautics Limited shares to drop nearly 3%. While government and military officials called the event tragic and emphasized the ongoing investigation, analysts warn the crash could impact investor confidence despite HAL’s strong order book and long-term growth outlook.