New Delhi, Aug. 25 -- August has five trading days left, including this one, and the thirty finished Tejas Mk1A fighters at Hindustan Aeronautics still have no engines in them.

49 IST, down Rs.55.30 or 1.13 percent on Monday's close, and at Rs.4,848.10 on the BSE. It opened at Rs.4,890.20, never traded meaningfully above that, and worked down to Rs.4,805.00 before recovering slightly. Turnover of 3.51 lakh shares is 30.5 percent of an average full day, a pace of 0.74 times normal. These are live intraday figures from a session that runs to 15:30.

That Rs.4,805.00 low matters more than the price. On August 12, the day Hindustan Aeronautics reported a June quarter that beat expectations on every line, the stock printed a low of Rs.4,803.4...