HAL responds to news about AMCA fighter programme, awaits DRDO communication
HAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.9 pts less than Nifty 100 and 5.5 pts less than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
HAL replied to an exchange query about a news report claiming HAL will not build the AMCA fighter jet, with Tata, L&T and Kalyani now competing for it. HAL said it cannot comment as official communication from DRDO is yet to be received. The company added that material impact can be assessed only after such communication. No regulatory or legal proceedings apply.
Uncertainty around a potential major defence programme. Outcome depends on official DRDO communication. Watch for confirmation.