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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