Latest news with #AVICChengduAircraft
Mint
7 days ago
- 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.
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
18-06-2025
- Business
- Mint
Asim Munir USA visit: J-10 jet maker AVIC Chengdu share price surges 10% ahead of Pak Army chief's meet with Trump
AVIC Chengdu share price: Shares of J-10 fighter jet maker — AVIC Chengdu Aircraft — rallied nearly 10% in intraday trade on Wednesday ahead of President Donald Trump meeting with Pakistan's army chief, Asim Munir. This will be Munir's first meeting with the US President following a four-day military conflict with India in May. The clashes between the two countries intensified after India launched 'Operation Sindoor' following a deadly attack on tourists in Pahalgam, Kashmir, which resulted in the death of 26 people.
