Dassault Aviation share price: Rebounds after recent decline, approaches record high
CHENNAI: Shares of Dassault Aviation, the maker of Rafale fighter jets, rose for the second consecutive day on Wednesday, gaining 1.47% during the trading session. This followed a sharp 7% decline on Monday. The stock climbed to an intraday high of €304.40 on the Paris Stock Exchange in early trading, edging closer to its record high of €332.20. By mid-session, the stock was trading at €302.40, up 0.47%.
On Tuesday, Dassault Aviation had rebounded by over 3%, recovering some of Monday's steep losses. Despite recent volatility, market experts see bullish signs. Analysts point out that the stock has formed a bullish hammer pattern on the monthly chart—an encouraging signal for potential upside. Many expect the stock to test its record highs in the near term.
Impact of India-Pakistan Tensions
The stock's recent movements have been influenced by geopolitical developments. Dassault shares surged after the Indian Air Force executed "Operation Sindoor" on May 7—a precision strike against terrorist infrastructure approximately 200 kilometres inside Pakistani territory. Reports suggest that Rafale jets were deployed in the mission, armed with SCALP cruise missiles and HAMMER precision munitions, and successfully completed the operation without violating Pakistani airspace.
Stock Performance Overview
Despite recent gains, Dassault Aviation shares have declined over 10% in the past five trading sessions. Nevertheless, the stock has delivered stellar long-term returns, rising over 347% in the past five years, solidifying its reputation as a multibagger.
According to analysts the heightened volatility driven by India-Pakistan tensions has contributed to recent downward pressure on the stock.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
40 minutes ago
- Hindustan Times
‘Made in India' weapons crucial: Modi tells council of ministers
India's aerial combat capabilities withstood the demands of modern warfare during Operation Sindoor, Prime Minister Narendra Modi on Wednesday told his Council of Ministers, referring to India's strikes on nine terror bases in Pakistan and Pakistan-Occupied Kashmir. During the council's first meeting after Operation Sindoor, Modi hailed the attacks, which targeted Pakistan military infrastructure as well, as an achievement of Indian soldiers and emphasised the strength of indigenous weapons. He highlighted the changing nature of warfare and said 'Make in India' weapons and platforms will be a priority for the government, said people aware of the matter. Modi asked the ministers to focus on quality of governance. He said that India is becoming a great trading country and quality of products and governance assumes importance. 'We have big targets, but our time is limited,' he is believed to have told the ministers. The PM also instructed the Council of Ministers to ensure the government's achievements are communicated with clarity and efforts to ensure saturation of people centric schemes are redoubled, said people aware of the details. The Prime Minister is also learnt to have said that the focus of the outreach should be on the accomplishments and milestones achieved in the past 11 years but there should be no let-up in making efforts to meet newer targets. The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) will mark the first anniversary of its third term in power on June 9. According to a person aware of the details, the meeting centred around the need to shine the spotlight on policies, programmes, and outcomes through public outreach campaigns. The ministers were urged to set their sights on the tasks that need to be accomplished, instead of resting on their laurels.
Hans India
an hour ago
- Hans India
India red-flags $800 mn ADB aid package to Pak
New Delhi: India has vehemently opposed the Asian Development Bank's (ADB) financial assistance of $800 million to Pakistan, raising concerns about the potential misuse of ADB resources, sources said. India abstained from voting on the package at a recent Board meeting of the ADB. Indian officials cautioned the ADB on Pakistan's rising defence expenditure, its declining tax-to-GDP ratio, and the lack of demonstrable progress on key macroeconomic reforms. The ADB on Tuesday approved an $800 million programme to strengthen fiscal sustainability and improve public financial management in Pakistan. In Islamabad, Pakistani Finance Minister Muhammad Aurangzeb's advisor Khurram Schehzad confirmed the development. In a statement posted on social media, Schehzad said the ADB's financial aid includes a $500 million programme-based guarantee and a $300 million policy-based loan. Calling out the doublespeak of Pakistan in harbouring the terrorists and safeguarding the terror infrastructure in the country, sources added that New Delhi 'expressed strong reservations about Pakistan's existing governance system, which poses a continuing severe threat to regional peace and security.' 'India also highlighted that the economic fragility of the borrowing country (Pakistan) poses credit risks to the ADB too. Pakistan's continued reliance on external debt raises concerns about the long-term sustainability of future exposures, especially in view of the high debt-to-GDP ratio and poor credit rating of the country. Therefore, India urged ADB to be vigilant to safeguard the bank's financial health and long-term prospects,' sources also said.
Hindustan Times
2 hours ago
- Hindustan Times
India opposes ADB's $800mn loan to Pakistan
India opposed a move by the Asian Development Bank (ADB) to grant a $800 million loan to Pakistan citing evidence of Islamabad diverting development funds for military use, and cautioned the bank about impending credit risks, two officials familiar with the matter said. India shared deep concerns regarding the potential misuse of ADB resources, particularly in light of Pakistan's increasing defence expenditure, its declining tax-to-GDP ratio, and the lack of demonstrable progress on key macroeconomic reforms, they added, requesting anonymity. India's strong opposition to ADB's financial aid to Pakistan came almost a month after New Delhi protested the International Monetary Fund's decision to provide a $2.3 billion bailout package to Islamabad, which saw IMF imposing about a dozen stringent conditions attached with the credit facility, making diversion of funds almost impossible. The IMF loan to Pakistan came in the midst of Operation Sindoor, India's direct military response to the April 22 terror strike at Pahalgam in Kashmir that killed 26 civilians in what was the worst attack on civilians since the 26/11 Mumbai strikes. India launched the operation in the early hours of May 7, bombing nine terror camps in Pakistan and Pakistan-occupied Kashmir (PoK). The pre-dawn strikes --- which killed at least 100 terrorists --- sparked four days of strikes and counterstrikes with fighter jets, missiles, drones, long-range weapons and heavy artillery. Between the launch of the operation in the early hours of May 7 and the ceasefire on the evening of May 10, Indian forces bombed nine terror camps in Pakistan and Pakistan-occupied Kashmir, and the IAF struck targets at 13 Pakistani air bases and military installations. According to a PTI report from Islamabad on Tuesday, ADB approved a $800 million loan to Pakistan for strengthening its fiscal sustainability and improving its public financial management. The credit package included a $300 million policy-based loan (PBL) and a $500 million programme-based guarantee (PBG), the report said. Reacting to this, New Delhi 'vehemently' opposed the move and shared deep concerns regarding the potential misuse of ADB resources, the officials cited above said. The linkage between Pakistan's increase in expenditure on its military, as opposed to on development, cannot be fully explained solely in terms of its domestic resource mobilization, they said. India highlighted that Pakistan's tax collection as a share of GDP declined from 13% in FY18 to 9.2% in FY23 and continues to remain way lower than the Asia and Pacific average of about 19%. However, there has been a significant increase in defence spending in the same period. This points to the possibility of diversion of funds made available to the country by external agencies, the officials explained. 'India expects the ADB management to adequately ring-fence the ADB financing, to prevent any such misuse,' one of them said. New Delhi questioned the management's argument that improvements were noticed in certain areas of reforms in Pakistan, and said that had the previous programs, funded both from ADB and the IMF, succeeded in putting in place a sound macroeconomic policy environment, the country would not have approached the IMF for the 24th bail-out program, this person added. 'Such a track record calls into question both the effectiveness of the program designs, their monitoring and their implementation by the authorities,' he said. Pakistan's poor track record of implementation stems from the military's deeply entrenched interference in economic affairs, posing risks of policy slippages and reversal of reforms as has been witnessed in the past, he added. Even when a civilian government is in power now, the army continues to play an outsized role in domestic politics and extends its tentacles deep into the economy. The situation has not changed for the better; rather the Pakistan Army now plays a leading role in the Special Investment Facilitation Council of Pakistan, he said. 'In fact, India expressed strong reservations about Pakistan's existing governance system, which poses a continuing severe threat to regional peace and security. The country's policy of cross-border terrorism has led to a worsening of the security situation in the region and has significantly escalated macroeconomic risks for Pakistan, which also heightens the enterprise risks for the ADB.' India expects the ADB to closely monitor the implementation of the policy matrix to achieve the intended outcomes, this official said. Pakistan's continued reliance on external debt raises concerns about the long-term sustainability of future exposures, especially in view of the high debt-to-GDP ratio and poor credit rating of the country, he added.
