Latest news with #AVICChengdu
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
23-06-2025
- Business
- Mint
Israel-Iran war: AVIC Chengdu share price edges higher despite Hormuz Straight close buzz
Israel-Iran war: Despite weak global market sentiments post-US attacks in Iran, J-10 fighter jet maker company AVIC Chengdu Aircraft Limited remained under the bull's radar. AVIC Chengdu share price edges higher during Monday deals despite fear of Hormuz Straight closure. AVIC Chengdu's share price today opened upside at 84 yuan per share and touched an intraday high of 85.04 yuan per share. However, AVIC Chengdu shares witnessed some profit booking and came down to 84.20 yuan per share levels. According to stock market experts, AVIC Chengdu's share price witnessed some selling pressure after the outbreak of the Israel-Iran war last week and came close to 80 yuan per share. However, AVIC Chengdu's share price sustained above its strong support base, standing at 79 yuan per share. So, bulls are betting high on the stock after the stock showed some resilience at the lower support despite high tension in the Middle East. They said that AVIC Chengdu's share price may go up to 105 yuan per share levels once the stock closes above 86 yuan per share. Speaking on the technical outlook of AVIC Chengdu share price, Anshul Jain, Head of Research at Lakshmishree Investment, said, "AVIC Chengdu share price broke out of an 18-day cup and handle pattern that is part of a larger flag formation, triggering a bullish signal at 86 yuan per share. The stock must hold above the key support zone at 79 for the breakout to sustain. A swift move toward 105 yuan per share is highly likely if this level holds. The broader structure indicates consolidation within strength, and any volume expansion will further support the bullish continuation." The Pentagon on Sunday announced that the US launched Operation Midnight Hammer and conducted "precision strikes" at three of Iran's key nuclear facilities, including Fordow, Natanz, and Isfahan. Iran's Ambassador to India, Iraj Elahi, has slammed Israel and the US, stating that both countries have gravely violated the UN Charter, international law, and the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) by attacking Iran's peaceful nuclear facilities. He said that the governments of the US and Israel are fully responsible for the "hazardous consequences of this grave crime." After the US airstrikes in Iran, the Iranian government threatened to close the Hormuz Straight, which is fueling crude oil prices, as the closure would negatively impact the demand-supply constraint. "The United States and Zionist regime have committed a grave violation of the UN Charter, international law, and the NPT by attacking Iran's peaceful nuclear facilities. The aggressive US government and the Zionist regime are held fully responsible for the hazardous consequences of this grave crime," Elahi said. Iraj Elahi said that Iran expects the United Nations and its responsible members to condemn the US and Israel for their military actions against nuclear facilities. Speaking on the developments in the Israel-Iran war, Morgan Stanley Chief Economic Strategist Ellen Zentner said, "With the US economy already expected to slow under pressure from the Trump administration's high import tariffs, a rise in oil prices resulting from the conflict "could provide powerful downward pressure on households' ability to spend... and that could slow GDP even more." (With inputs from ANI, Reuters)
Mint
23-06-2025
- Business
- Mint
Israel-Iran war: AVIC Chengdu share price edges higher despite fear of Hormuz Straight close buzz
Israel-Iran war: Despite weak global market sentiments post-US attacks in Iran, J-10 fighter jet maker company AVIC Chengdu Aircraft Limited remained under the bull's radar. AVIC Chengdu share price edges higher during Monday deals despite fear of Hormuz Straight closure. AVIC Chengdu's share price today opened upside at 84 yuan per share and touched an intraday high of 85.04 yuan per share. However, AVIC Chengdu shares witnessed some profit booking and came down to 84.20 yuan per share levels. According to stock market experts, AVIC Chengdu's share price witnessed some selling pressure after the outbreak of the Israel-Iran war last week and came close to 80 yuan per share. However, AVIC Chengdu's share price sustained above its strong support base, standing at 79 yuan per share. So, bulls are betting high on the stock after the stock showed some resilience at the lower support despite high tension in the Middle East. They said that AVIC Chengdu's share price may go up to 105 yuan per share levels once the stock closes above 86 yuan per share. Speaking on the technical outlook of AVIC Chengdu share price, Anshul Jain, Head of Research at Lakshmishree Investment, said, "AVIC Chengdu share price broke out of an 18-day cup and handle pattern that is part of a larger flag formation, triggering a bullish signal at 86 yuan per share. The stock must hold above the key support zone at 79 for the breakout to sustain. A swift move toward 105 yuan per share is highly likely if this level holds. The broader structure indicates consolidation within strength, and any volume expansion will further support the bullish continuation." The Pentagon on Sunday announced that the US launched Operation Midnight Hammer and conducted "precision strikes" at three of Iran's key nuclear facilities, including Fordow, Natanz, and Isfahan. Iran's Ambassador to India, Iraj Elahi, has slammed Israel and the US, stating that both countries have gravely violated the UN Charter, international law, and the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) by attacking Iran's peaceful nuclear facilities. He said that the governments of the US and Israel are fully responsible for the "hazardous consequences of this grave crime." After the US airstrikes in Iran, the Iranian government threatened to close the Hormuz Straight, which is fueling crude oil prices, as the closure would negatively impact the demand-supply constraint. "The United States and Zionist regime have committed a grave violation of the UN Charter, international law, and the NPT by attacking Iran's peaceful nuclear facilities. The aggressive US government and the Zionist regime are held fully responsible for the hazardous consequences of this grave crime," Elahi said. Iraj Elahi said that Iran expects the United Nations and its responsible members to condemn the US and Israel for their military actions against nuclear facilities. Speaking on the developments in the Israel-Iran war, Morgan Stanley Chief Economic Strategist Ellen Zentner said, "With the US economy already expected to slow under pressure from the Trump administration's high import tariffs, a rise in oil prices resulting from the conflict "could provide powerful downward pressure on households' ability to spend... and that could slow GDP even more." (With inputs from ANI, Reuters) 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.
Mint
18-06-2025
- Business
- Mint
Asim Munir USA visit: F-16 fighter jet maker Lockheed Martin shares in focus ahead of Pak chief-Trump meet
Lockheed Martin Share Price: Just like AVIC Chengdu — the maker of J-10 fighter jets — shares of Lockheed Martin, the company behind the F-16s prized by Pakistan, were also in focus on Wednesday, June 18, ahead of former U.S. President Donald Trump's meeting with Pakistan Army Chief Asim Munir. US President Trump will host Asim Munir for lunch at the White House on Wednesday, marking the first such visit after the India-Pakistan conflict and amid the Iran-Israel crisis.
