HAL share price drops 12% in two sessions. Is it time to buy the PSU defence stock?

In the first week of February 2026, Hindustan Aeronautics Ltd (HAL) shocked investors as its share price tumbled nearly 12% in just two trading sessions, a rare dip for one of India’s most followed PSU defence stocks. The sharp slide came amid fresh concerns over delivery delays in the Tejas fighter jet programme and growing competition from private players for India’s next‑generation combat aircraft projects.