HAL shares fall 12% in 2 days, PSU clarifies on Tejas fighter jets and guidance

HAL shares fell sharply, extending a sharp two-day decline, after concerns over Tejas Mk1A delivery delays and rising private-sector competition triggered investor anxiety. The company issued a clarification, confirming five jets are ready while nine await GE engines, and reaffirmed its full-year guidance despite losing ground in India’s AMCA program.