Latest news with #AVICChengdu
Mint
3 days ago
- Business
- Mint
AVIC Chengdu Aircraft share price: J-10 fighter jet maker stock crashes 20% from May peak amid India-Pakistan conflict
AVIC Chengdu Aircraft share price: The bullish trend seen in the shares of AVIC Chengdu Aircraft's share price at the peak of the India-Pakistan conflict seems to have fizzled out as the stock of the J-10 fighter jet maker has tumbled 20% from its May peak. In a matter of just 14 sessions, Chinese defence company AVIC Chengdu Aircraft's stock has fallen from its May 12 high of 95.86 yuan to today's low of 76.04 yuan. The Chinese defence stock has suffered losses after Prime Minister Narendra Modi publicly poked holes in Pakistan's claims that Chinese-made fighter jets were responsible for destroying the Indian Air Force's Adampur airbase. 'Pakistan claimed it damaged our S-400 and BrahMos missile bases with JF-17 jets, which is completely false,' said Colonel Sofiya Qureshi. 'It also spread misinformation about damage to Indian airfields in Sirsa, Jammu, Pathankot, Bhatinda, Nalia, and Bhuj — all of which is untrue.' Additionally, the fall in AVIC Chengdu and other Chinese defence stocks can also be attributed to the successful completion of India's Operation Sindoor, which highlighted India's military prowess. Also, a ceasefire between India and Pakistan dampened the interest.
Mint
19-05-2025
- Business
- Mint
AVIC Chengdu share price: J-10 fighter jet maker stock rebounds after falling for two straight sessions
AVIC Chengdu share price: Chinese defence stock — AVIC Chengdu — rebounded sharply on Monday, May 19, after two sessions of back-to-back losses. The stock of AVIC Chengdu, J-10 fighter jet maker, has traded on a volatile note since an address by Prime Minister Narendra Modi against India's changing stance towards tolerance of terrorism. AVIC Chengdu Aircraft share price gained 5.6% in intraday trade to hit the day's high of 90.99 yuan, as against its previous closing price of 86.08 yuan. With today's gains, the Chinese defence stock has wiped off losses of 4.8% seen over the last two trading sessions.
Mint
17-05-2025
- Business
- Mint
Dassault Aviation vs AVIC Chengdu Aircraft: Rafale or Jet-10? Which stock is better in global markets today?
The recent military escalation between India and Pakistan, particularly following the Indian armed forces' Operation Sindoor, has heightened investor interest in France's Dassault Aviation shares and China's AVIC Chengdu Aircraft shares. India launched Operation Sindoor on May 7, during which the Indian Air Force (IAF) reportedly deployed Rafale jets to strike terrorist camps deep inside Pakistani territory, utilizing SCALP and HAMMER missiles. Dassault Aviation is the manufacturer of the Rafale fighter jets. Conversely, Pakistan's Deputy Prime Minister Ishaq Dar confirmed that the Pakistan Air Force responded using J-10 fighter jets, manufactured by AVIC Chengdu Aircraft. Dassault Aviation share price has rallied over 3% in the past four sessions, buoyed by a surge in investor sentiment following Prime Minister Narendra Modi's visit to the Adampur Air Base. Backed by an S-400 missile defence system, Modi lauded the successful execution of Operation Sindoor, sending a strong message to Pakistan. In contrast, AVIC Chengdu shares have declined over 10% during the same period, as geopolitical tensions and increased uncertainty weighed on Chinese defence stocks after PM Modi's remarks. Year-to-date in 2025, Dassault Aviation shares have delivered an impressive 57% return, supported by robust investor confidence and growing exports of Rafale jets. 'India and France recently signed a major defence deal to procure 26 naval variants of the Rafale fighter. Whereas, AVIC Chengdu, part of China's AVIC conglomerate has also given high returns post its listing with gains of more than 30% from listing rate while, in recent days the stock has been volatile due to geopolitical tensions and misinformation, due to which Chinese stocks faced sell-off,' said Dr. Ravi Singh, SVP - Retail Research at Religare Broking Ltd. For investors seeking exposure to the global defence sector, Singh notes that Dassault Aviation shares currently appear to be the more attractive option, considering the prevailing circumstances. From a technical standpoint, Dassault Aviation shares demonstrate clear relative strength compared to AVIC Chengdu, analysts said. 'While Chengdu share price remains in consolidation, Dassault stock is already showing strong momentum. A breakout above €316 will likely act as a trigger, propelling the stock toward the €375 level. Given the setup, Dassault presents a more favorable risk-reward profile for long trades at this stage,' said Anshul Jain, Head of Research at Lakshmishree Investment and Securities. Jain added that until clearer signals emerge from AVIC Chengdu, traders with a bullish view should consider prioritizing Dassault Aviation shares. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
First Post
15-05-2025
- Business
- First Post
India, Pakistan Tensions: Why Chinese Defence Stocks Collapsed Vantage with Palki Sharma
India, Pakistan Tensions: Why Chinese Defence Stocks Collapsed | Vantage with Palki Sharma | N18G India, Pakistan Tensions: Why Chinese Defence Stocks Collapsed | Vantage with Palki Sharma | N18G Following the India-Pakistan ceasefire, Chinese defence companies saw a sharp drop in stock value. Major suppliers to Pakistan, including AVIC Chengdu and Zhuzhou Hongda Electronics, faced a market correction amid concerns over missile performance. India's successful interception of multiple PL-15 missiles has raised questions about the real-world effectiveness of these systems. As images of intact missile parts circulate, scrutiny around China's defence exports grows. See More
News18
13-05-2025
- Business
- News18
Chinese Defence Stocks Fall Up To 8% After India-Pakistan Ceasefire Agreement
Last Updated: Chinese Defence Stocks: On May 13, the Hang Seng China A Aerospace & Defence Index traded 3 percent lower so far. Chinese Defence Stocks: Chinese defense stocks faced significant selling pressure on Tuesday following the India-Pakistan ceasefire. The ceasefire agreement, reached on May 10, included an immediate halt to all firing and military actions on land, air, and sea after four days of intense cross-border drone and missile strikes. India launched Operation Sindoor, targeting 21 terror camps in Pakistan and Pakistan-occupied Kashmir. In response, Islamabad unleashed a series of drone and missile attacks on civilian and military targets across Jammu, Punjab, and Rajasthan during the night of May 7 and into May 8. India's advanced air defense systems intercepted Pakistan's strikes, which heavily relied on Chinese weaponry, such as China-made drones, missiles, and air defense systems. This highlighted Islamabad's growing military dependence on Beijing. After the cessation of hostilities, shares of major Chinese defense firms experienced a sharp downturn. On May 13, the Hang Seng China A Aerospace & Defence Index traded 3 percent lower. Key constituents AVIC Chengdu and Zhuzhou Hongda saw declines of 8.6 percent and 6.3 percent, respectively. AVIC Chengdu Aircraft, the manufacturer of the J-10C fighter jet, traded 8.6 percent lower. Pakistan's Foreign Minister Ishaq Dar confirmed in Parliament that Chinese-made J-10C fighter jets were used in the engagement. First Published: May 13, 2025, 13:17 IST
