Latest news with #AVICChengduAircraft
Mint
22-07-2025
- Business
- Mint
AVIC Chengdu share price slips 2% after China-made MiG-21 copy F-7 crashes in Bangladesh
AVIC Chengdu Aircraft share price: Shares of Chinese jet maker - AVIC Chengdu Aircraft - declined up to 2% in intraday trade on Tuesday following a deadly crash of the Bangladesh Air Force (BAF) combat jet into a bustling school in Dhaka. The crash, which occurred on Monday, left at least 27 dead — including the pilot — and injured over 170 others in one of the worst aerial disasters in Bangladesh's recent history. At the heart of the crash was the F-7 BGI, a modernised version of China's Chengdu F-7, which traces its lineage back to the Soviet-era MiG-21 and was in mass production into the 1980s. Deemed obsolete by international standards, the manufacturing of the J-7 ended in the 2010s. However, some international users remain, including Bangladesh. The F-7 remains a core component of Bangladesh's air fleet — largely due to its affordability and reliability for pilot training and light combat missions. The country had purchased 57 F-7 jets from China between 1989 and 2011, a Bloomberg report said, citing the Stockholm International Peace Research Institute. That puts it as the fourth biggest buyer of the Chinese jets historically. The Chinese aircraft have been in the spotlight this year. AVIC Chengdu Aircraft, the manufacturer of J-7 jets, also produced the J-10Cs that Pakistan used against India during the military conflict earlier in May, albeit without much success. Snapping its four-day winning run, AVIC Chengdu Aircraft share price declined 2% to a low of 86.22 yuan in intraday today. The Chinese defence stock opened at 87.30 yuan as against its last close of 88 yuan. So far in July, AVIC Chengdu share price is down 2% after a massive rally seen in June and May. In June, the J-7 manufacturer had jumped 14.59% building on a 30.62% rally seen in May.
Mint
22-07-2025
- Business
- Mint
AVIC Chengdu share price slips 1.5% after China-made MiG-21 copy F-7 crashes in Bangladesh
AVIC Chengdu Aircraft share price: Shares of Chinese jet maker - AVIC Chengdu Aircraft - declined up to 1.5% in intraday trade on Tuesday following a deadly crash of the Bangladesh Air Force (BAF) combat jet into a bustling school in Dhaka. The crash, which occurred on Monday, left at least 27 dead — including the pilot — and injured over 170 others in one of the worst aerial disasters in Bangladesh's recent history. At the heart of the crash was the F-7 BGI, a modernised version of China's Chengdu F-7, which traces its lineage back to the Soviet-era MiG-21 and was in mass production into the 1980s. Deemed obsolete by international standards, the manufacturing of the J-7 ended in the 2010s. However, some international users remain, including Bangladesh. The F-7 remains a core component of Bangladesh's air fleet — largely due to its affordability and reliability for pilot training and light combat missions. The country had purchased 57 F-7 jets from China between 1989 and 2011, a Bloomberg report said, citing the Stockholm International Peace Research Institute. That puts it as the fourth biggest buyer of the Chinese jets historically.
Mint
30-06-2025
- Business
- Mint
Global markets today: J-10 fighter jet maker AVIC Chengdu share price surges 10% after Israel-Iran ceasefire
Avic Chengdu Aircraft share price: The shares of J-10 fighter jet maker — AVIC Chengdu Aircraft — rallied nearly 10% in intraday trade on Monday, June 30, extending their gains to the fourth straight session, buoyed by the Iran-Israel ceasefire and rally in Chinese defence stocks. The Chinese defence sector rallied 3.8% to its highest since November, boosting onshore shares, a Reuters report said. The gains in the defence stocks came even as the Chinese stock market turned lacklustre. At the midday trading break, China's blue-chip CSI300 Index was little changed at 3,922.29 after gaining 2% last week. AVIC Chengdu Aircraft shares opened at 83.80 yuan apiece, slightly higher than the last closing price of 82.20 yuan. The Chinese defence stock extended gains to the day's high of 90.30 yuan as the session progressed, nearing its 52-week high of 97.55 yuan. The J-10 fighter jet maker's stock has been in an uptrend following the Iran-Israel ceasefire last week. The stock has added almost 11.5% in the last four sessions. AVIC Chengdu Aircraft's stock is also slated to end June on a firm note, with an over 14% rise after a whopping 31% surge in May. The stock caught investor attention after the India-Pakistan conflict. The Pakistan Air Force deployed the J-10 fighter jet against India, although it failed to make an impact against India's military prowess. Anshul Jain, Head of Research at Lakshmishree Investments, expects the Chinese defence stock AVIC Chengdu to hit new highs on a breakout above 89 yuan. 'AVIC Chengdu on the weekly chart is forming a 28-day-long rounding bottom pattern and is poised for a bullish breakout if it closes above 89. A sustained close above this level could push the stock towards an immediate target of 104 in the coming weeks,' the analyst said. Jain, however, added that volumes so far have been slightly lacklustre, making it important to watch for a breakout supported by strong, above-average volumes to build conviction. If that happens, fresh longs can be confidently accumulated for further upside with a favourable risk-reward setup, he opined. Disclaimer: This story is for educational purposes only. 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.
Mint
26-06-2025
- Business
- Mint
Israel-Iran ceasefire: AVIC Chengdu share price rises for second straight session. More steam ahead?
AVIC Chengdu share price: Amid the Israel-Iran ceasefire and overall positive sentiments in the Chinese equity markets, shares of AVIC Chengdu Aircraft, the maker of the J-10 fighter jets, rose for the second straight session on Thursday, June 26. Defence and tech sectors led gains for China stocks, which were up for the fourth straight session, as per a Reuters report. Meanwhile, the CSI Defence Index rallied 1.9%, with AVIC Chengdu Aircraft share price gaining over 3% in intraday deals today. Analysts said markets have been soothed by a ceasefire between Israel and Iran that appeared to be holding, reducing the risks of disruptions to the global oil trade.
Mint
19-06-2025
- Business
- Mint
J-10 fighter jet maker AVIC Chengdu share price crashes 5% after Asim Munir-Donald Trump meeting
AVIC Chengdu Aircraft share price: The Chinese defence stock, AVIC Chengdu Aircraft, cracked 5% in intraday deals on Thursday following a sharp rally a day ago. The stock, which manufactures J-10 fighter jets used by Pakistan against India in the latest military flare-up, had surged nearly 10% on Wednesday ahead of a meeting between Pakistan Army Chief Munir and US President Donald Trump at the White House. However, today, the stock reversed course amid a lack of any announcements, which dampened sentiment. Analysts had signalled that any positive developments could have acted as a fresh trigger, but a lack of announcements could dampen sentiment. AVIC Chengdu Aircraft share price opened at 86.59 yuan, lower than the last closing price of 88.93 yuan. The J-10 fighter jet maker's stock further tumbled to the day's low of 84.26 apiece, recording a 5.25% decline over the last close. The stock has declined in three of the last five trading sessions, yet it managed to gain around 9% during this period. The monthly trend for AVIC Chengdu Aircraft shares remains strong on a monthly basis, with the scrip rising 31% in May and 11% in June so far. This was Munir's first meeting with Donald Trump in the wake of the Iran-Israel war and following military clashes with India.
