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'.

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Chinese Defense Company Shares Plummet

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.

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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%.

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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.