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flag HAL shares dropped 8% after being excluded from India’s AMCA fighter jet project, marking its first absence from a major defense initiative.

flag Hindustan Aeronautics Limited (HAL) shares fell 8% to ₹4,100.15 on February 4, 2026, after reports confirmed the state-owned aerospace firm was excluded from India’s Advanced Multirole Combat Aircraft (AMCA) project, a major next-generation fighter jet program. flag The decision marks the first time HAL has been left out of a key defense initiative, with private firms like Tata Advanced Systems, L&T-BEL, and Adani Defence leading the prototype phase. flag HAL has not received formal confirmation from the DRDO about its status. flag The stock, down 10% over five sessions, reflects investor concerns over HAL’s declining role in India’s indigenous defense manufacturing push, despite a 731% gain over five years. flag Technical indicators show short-term downside pressure, with the stock near key support at ₹4,100.

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