Last Updated:June 12, 2025, 12:38 IST
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.
Acic Chengdu stock slips 17% after a rally of 64% amid easing of tensions.
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.
Avic Chengdu is currently in a wide range between 86 and 75. There are no signs of large-scale buying by institutions, indicating little confidence in a breakout, according to Anshul Jain, Head of Research at Lakshmishree Investments, who spoke to LiveMint.
Jain explained that the current market structure suggests that more time is needed for any significant movement. He predicts this sideways trend will continue for the next 8–10 weeks.
Jain advises traders to wait for a clear breakout, either above 86 or below 75, accompanied by high trading volume, before making any new investments.
Indian Defence Stocks Also Surge In The Period
During the border tension period, Indian defence stocks also surged up to 60-70 per cent including HAL, GRSE, BEL and so on. Meanwhile, Nifty Defence Index jumped 30 per cent in anticipation of rising demand for defence weapons, attracting investors who were eyeing to milking the opportunity.
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