Shares of defence major Hindustan Aeronautics Ltd fell as much as 8.3% to hit an intraday low of Rs 4,100 on the BSE on Wednesday after Larsen & Toubro, Bharat Forge, and Tata Advanced Systems, were shortlisted to manufacture next generation fighter jets, with the state-owned firm missing out on the list. On the flipside, L&T and Bharat Forge were trading over a percent higher.