Latest news with #AvicChengduAircraft
Mint
2 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.
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:
Time of India
15-05-2025
- Business
- Time of India
cochin shipyard: Chinese jet maker Avic Chengdu Aircraft crashes 12% in 3 days. Blame it on Modi?
Modi's airbase visit rattles sentiment ADVERTISEMENT Broader Chinese defence stocks under pressure Indian defence stocks rally in contrast ADVERTISEMENT ADVERTISEMENT Shares of Avic Chengdu Aircraft , the Chinese defence manufacturer behind the JF-17 fighter jets used by Pakistan, have slumped 12% over three trading sessions as tensions flared following India's Operation Sindoor and a strong-worded rebuttal by Prime Minister Narendra Modi rejecting Pakistan's claims of having struck Indian military jet maker's stock plunged as much as 6.7% on Thursday to 84.34 yuan in Shanghai, adding to earlier losses. The selloff came amid broader weakness in Chinese defence stocks , with the Hang Seng China A Aerospace & Defence Index dropping 1.7% on Thursday — its third consecutive session of rout accelerated after PM Modi visited the Indian Air Force 's Adampur airbase in Punjab on Tuesday, standing in front of the Russian-made S-400 air defence system — a visual counter to Pakistan's false claims that it had been destroyed using Chinese-origin JF-17 fighter jets.'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.'The Indian government, through the Ministry of External Affairs and the Press Information Bureau, dismissed Pakistan's version of events as 'a fabricated attempt to save face.'Alongside Avic Chengdu Aircraft, shares of other major Chinese defence companies also declined on Thursday. China Aerospace Times Electronics, Bright Laser Technologies, North Industries Group, China Spacesat, and AVIC Aircraft fell between 1.5% and 4.2%.The latest drop in Chinese defence stocks comes on the heels of India's successful Operation Sindoor, a military campaign that reportedly demonstrated the effectiveness of domestically produced systems like the Akash surface-to-air sentiment for Chinese defence stocks, which had earlier been boosted by the prospect of rising Chinese arms sales to Pakistan, turned sour after India and Pakistan agreed to a ceasefire and New Delhi forcefully dismantled what it called a 'coordinated disinformation campaign.'Meanwhile, Indian defence stocks surged in response to the events. Cochin Shipyard jumped 6.8% to Rs 1,814.90 on Thursday, while Paras Defence gained 5%, Mazagon Dock Shipbuilders rose 4.5%, and Bharat Dynamics advanced 1.8%. Hindustan Aeronautics climbed over 2%, and Zen Technologies hit its 5% upper circuit for the second day in a row.'The successful performance of Made-in-India defence systems against Chinese and other platforms used by Pakistan is likely to boost long-term demand for indigenous defence equipment,' said Ashwini Shami, EVP & Senior Portfolio Manager at OmniScience Capital. 'It also showcased India's capability for remote warfare and the integration of systems from multiple sources — underlining not just domestic defence production, but also our ability to make diverse technologies work together.': Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
