Avic chengdu shares: China’s defense company Avic Chengdu declined by 5 percent on Thursday. Earlier on Wednesday, there was a jump of 10 percent in its stocks after the news of a meeting between Field Marshal Asim Munir and US President Donald Trump at the White House on Wednesday, but there was a 10 percent jump in its stocks, but when there was no special announcement after this meeting, the shares were rejoined. Let us know that this was the first meeting of Trump and Munir after the war between Iran-Israel and India’s ‘Operation Sindoor’.

Three out of five business sessions declines

On Thursday, the stock of Avic Chengdu aircraft opened at 86.59 yuan, which is less than the previous closed price 88.93 yuan. With this, the share came to the lowest level of the day at 84.26 yuan, which shows a decline of 5.25 percent in the previous closed price. Out of the last five trading sessions, three of this company shares declined. However, despite this, the stocks also gained up to 9 percent during this time. In the month of May, the stock has increased by 31 percent and 11 percent in June so far.

Pakistan used J-10 fighter jet

Let us know that during ‘Operation Sindoor’, Pakistan used fighter jet made in China. These included Avic Chengdu J-10 fighter jet. During this time, Pakistan claimed that the Chinese fighter jet J-10 had completely destroyed an airbase of the Indian Army. After this news, Avic Chengdu shares got a sharp jump.

The price of its stock increased from 58.75 yuan to 95.86 Chinese yuan between the Pahalgam terror attack and Operation Sindoor, ie between April 30 and May 12, which shows a jump of up to 64 % in just two weeks. However, when India exposed Pakistan’s claim as a lie, its shares declined by more than 17 percent.

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Avic chengdu shares: The shares of Avic Chengdu, a Chinese defense company that makes J-10 fighter jet, has declined by 18 percent in the last one month. After ‘Operation Sindoor’, during the war between India and Pakistan, the price of its share was touching the sky. As soon as the ceasefire took place four days later, it started declining.

Pakistan’s false claims have an impact

Avic Chengdu’s share price a month ago on May 12, 95.86 has fallen from its high level on Wednesday, 9 June to 78.68 to the low of 78.68 yuan. Avic Chengdu shares also suffered a major setback when India rejected Pakistan’s claim that the Chinese fighter jet was asked to destroy an army airbase in India. Of course during the war, Pakistan used the J-10 fighter jet against India, but it did not get any success.

India opened Pakistan’s poll

Colonel Sophia Qureshi had said, “Pakistan claimed that it has damaged our S-400 and BrahMos missile base from JF-17 jet, which is completely a lie.” Pakistan also spread false news about damage to Indian airports in Sirsa, Jammu, Pathankot, Bhatinda, Nalia and Bhuj- all things are false.

What will happen next?

In May, when the company shares had a boom of up to 30 percent, the investors made a lot of profits. According to media reports, share expert Anshul Jain says Avic Chengdu shares are currently in the range of 86 to 75 yuan. Since big investors are not showing interest in it, there is no possibility of coming on it very soon. This sequence of fluctuations in shares can remain for the next 8-10 weeks.

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