On Friday, the crash of the Indian Tejas jet at the Dubai Airshow resulted in heavy losses for Hindustan Aeronautics Limited (HAL). As a result, the company faced a market value loss of Rs.26,000 crores. The incident could also have adverse effects on the Indian defense sector, experts are warning. The sentiment is causing a decline in HAL shares.
Dubai Airshow Tragedy: Indian Defense Company HAL Loses Rs.26 Thousand Crores!
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