Latest news with #AvicChengduAircraft
Mint
07-07-2025
- Business
- Mint
Avic Chengdu share price trades lower as Middle East tensions fizzle out; more pain ahead?
Avic Chengdu share price: Shares of J-10 fighter jet maker Avic Chengdu have been caught in a range since the tensions in the Middle East fizzled out with the Iran-Israel ceasefire coming into effect late last month. At the peak of the Iran-Israel tensions, Avic Chengdu Aircraft's share price had risen to 90.30 yuan. But since then the Chinese defence stock has lost over 8% of its value as of today, July 7. From a technical perspective, too, Avic Chengdu stock has seen failed attempts to break out, thus weakening the sentiment in the stock, as per an expert. While the J-10 fighter jet maker's stock initially rallied on the news amid a relief rally in Chinese stocks following the ease in Middle East tensions, the stock soon took a backseat. The shares of Avic Chengdu had caught the limelight during the peak of the India-Pakistan conflict, when the latter had deployed Chinese-made J-10 fighter jets against India. In the last five sessions, Avic Chengdu share price has declined in four sessions, barring Friday (July 4). For the month, the Chinese defence stock is down 5%, taking a breather after a 14.5% rally in June and 31% gains in March. According to Anshul Jain, Head of Research at Lakshmishree Investments, AVIC Chengdu has seen two failed breakout attempts and is still shaping a VCP (volatility contraction pattern) on the daily charts, now spanning 33 days. The repeated failures and weakening volume pattern are red flags for bulls, he added. "Only a sustained move above 95 can revive bullish momentum and attract fresh buying interest. On the flip side, any close below 75 will likely trigger a breakdown, opening the way for the stock to drift towards the 60 level," Jain said, while telling investors to exercise caution at the current juncture. 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
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.
News18
18-06-2025
- Business
- News18
J-10 Maker AVIC Chengdu Shares Jump 10% Before Trump-Pakistan Army Chief Meeting
Last Updated: Shares of AVIC Chengdu Aircraft surged nearly 10 percent ahead of President Trump's meeting with Pakistan's army chief. Avic Chengdu Share Price: Shares of J-10 fighter jet maker AVIC Chengdu Aircraft surged nearly 10% during intraday trading on Wednesday, ahead of President Donald Trump's meeting with Pakistan's army chief, Asim Munir. At the time of writing this report, Avic Chengdu Aircraft Ltd shares were trading at CNY 88.93 with a gain of 4.14 per cent. Earlier, the scrip opened at CNY 85.48, against the previous day close at CNY 85.40. Stocks are up 12 per cent in the past five days. The day's high touched at CNY 93.88. This will be Munir's first meeting with the US President following India-Pakistan border tensions in May. Tensions between the two countries escalated after India launched 'Operation Sindoor' in response to a deadly attack on tourists in Pahalgam, Kashmir, which resulted in 26 fatalities. AVIC Chengdu Aircraft Stock Movement Shares of Avic Chengdu Aircraft Co Ltd, a Chinese defence manufacturing and the maker of J-10 fighter jets, have seen a weak momentum by falling over 17 per cent with the ease of tensions between India and Pakistan. J-10 jet fighters were used by the Pakistan army during the border tensions. Stocks of Avic Chengdu Aircraft experienced a sharp spike after the Pahalgam terror attack and Operation Sindoor. In the two weeks between April 30 and May 12, the price of Avic Chengdu Aircraft stock shot up to 95.86 CNY from 58.75 CNY, registering a jump of 64 per cent in the duration. Other Chinese defence stocks also saw surged in the expectations of a full-fledged war and the surging demand of weapons like fighter jets, missiles and other equipment. The Chinese defence stock has declined after Prime Minister Narendra Modi challenged Pakistan's claims that Chinese-made fighter jets were responsible for destroying the Indian Air Force's Adampur airbase. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. About the Author Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: June 18, 2025, 13:45 IST News business » markets J-10 Maker AVIC Chengdu Shares Jump 10% Before Trump-Pakistan Army Chief Meeting
Mint
16-06-2025
- Business
- Mint
Breakout stock! Avic Chengdu Aircraft share price jumps amid Israel-Iran war. Do you own?
Avic Chengdu Aircraft share price: The latest flare-up in the tensions in the Middle East gave a fresh boost to Chinese defence stocks, driving shares of J-10 fighter jet maker — AVIC Chengdu Aircraft — higher for the second day in a row. The fresh escalation in the Iran-Israel conflict has resulted in a 12% rise in AVIC Chengdu Aircraft share price as investors believe that the rising tensions could likely drive the demand for Chinese defence equipment. Although analysts highlighted that this rally is more sentiment-led and speculation-driven.
News18
12-06-2025
- Business
- News18
J-10 Jet Maker AVIC Chengdu Slips 17% In A Month After 64% Surge Post Pahalgam Attack
Last Updated: In the two weeks between April 30 and May 12, the price of Avic Chengdu Aircraft stock shot up to 95.86 CNY from 58.75 CNY, registering a jump of 64 per cent in the duration. AVIC Chengdu Aircraft Stock: Shares of Avic Chengdu Aircraft Co Ltd, a Chinese defence manufacturing and the maker of J-10 fighter jets, have seen a weak momentum by falling over 17 per cent with the ease of tensions between India and Pakistan. J-10 jet fighters were used by the Pakistan army during the border tensions. Stocks of Avic Chengdu Aircraft experienced a sharp spike after the Pahalgam terror attack and Operation Sindoor. In the two weeks between April 30 and May 12, the price of Avic Chengdu Aircraft stock shot up to 95.86 CNY from 58.75 CNY, registering a jump of 64 per cent in the duration. Other Chinese defence stocks also saw surged in the expectations of a full-fledged war and the surging demand of weapons like fighter jets, missiles and other equipment. Since then, the stock has been in the consolidation phase with a slide to below 80 CNY. The Chinese defence stock has declined after Prime Minister Narendra Modi challenged Pakistan's claims that Chinese-made fighter jets were responsible for destroying the Indian Air Force's Adampur airbase. First Published:
