India's defense companies are skyrocketing while Chinese defense stocks are crashing, mirroring the failure of Chinese weaponry in 'Operation Sindoor'.
Following Operation Sindoor, shares of major Chinese defense companies have plummeted, mirroring the failure of Pakistani drones and missiles.
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J-10 Manufacturer's Stock in Dire Straits
Avic Chengdu Aircraft Corp, the maker of the J-10 fighter jet, has seen its stock plummet nearly 12% after its use by Pakistan during tensions with India and PM Modi's 'Operation Sindoor' announcement.
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Chinese Missile Company Also Down
ZhuZhou Hongda Electronics Corp Ltd, maker of the PL-15 missile intercepted by the Indian Air Force during Operation Sindoor, also experienced a stock decline.
Indian defense sector witnessed a boom, adding ₹86,211 crore to market cap in a week. Nifty India Defense Index jumped 9.39% compared to Nifty's 1.98%.
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Which Indian Companies Made a Splash?
BEL added ₹23,683 crore, HAL gained ₹21,654 crore, Bharat Dynamics surged ₹12,345 crore, Mazagon Dock added ₹9,971 crore, and Solar Industries rose by ₹6,859 crore. Disclaimer: Consult your market expert before investing.
