Operation Sindoor impact: Indian defence stocks rally, Chinese missile shares tumble
India's defense companies are skyrocketing while Chinese defense stocks are crashing, mirroring the failure of Chinese weaponry in 'Operation Sindoor'.
15
Image Credit : Gemini
Chinese Defense Company Shares Plummet
Following Operation Sindoor, shares of major Chinese defense companies have plummeted, mirroring the failure of Pakistani drones and missiles.
Add Asianet Newsable as a Preferred Source
25
Image Credit : freepik
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.
35
Image Credit : freepik
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.
45
Image Credit : freepik
Indian Defense Stocks Surge
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%.
55
Image Credit : freepik
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.
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.
