HAL shares fall 2% despite Rs 2,901 crore Defence Ministry order

Hindustan Aeronautics Limited (HAL) shares fell 2% despite the Ministry of Defence awarding a Rs 2,901 crore contract for six Advanced Light Helicopters (ALH) Mk-III for the Indian Coast Guard. This deal, under the Buy (Indian) category, aims to boost maritime security and supports the Make in India initiative.