India-Pak tensions lift Chinese jet maker's stock by 36% in 2 days

The stock of Chinese jet maker Avic Chengdu Aircraft Co Ltd has gone up by over 36% in just two days. This sudden rise comes as tensions between India and Pakistan have increased following India's recent military action.Avic Chengdu Aircraft is a Chinese defence company. It makes fighter jets such as the JF-17 Thunder and the J-10C Vigorous Dragon, which are used by the Pakistan Air Force. As of Thursday, the company's share price rose by 16.37% to reach 80.68 yuan. This was after a 17% jump on Wednesday. In total, the stock has gained 36.21% in two days and has gone up 44% in the past one month.This jump in the company's stock price comes at a time when there have been many reports following India's recent strikes. Some reports on social media claimed that Pakistan had shot down Indian fighter jets. However, these were later debunked by fact checkers. The Indian Embassy also warned the Chinese state-run Global Times not to share unverified news about India's military operations.India carried out what it called Operation Sindoor, a missile attack on nine terror camps in Pakistan and Pakistan-occupied Kashmir (PoK) on May 7. These included targets in Bahawalpur, Kotli, Muzaffarabad, and Muridke, according to a statement from Pakistan's foreign ministry. Other places reportedly hit by Indian missiles included Gulpur, Bhimber, Bagh, Chak Amru, and Sialkot.This was the first such missile operation by India since the 1971 war. It was a joint action by the Indian Army, Navy, and Air Force. Following the strikes, Pakistan's Karachi 100 stock index dropped by 3,559.48 points, or 3.13%, closing at 1,10,009.03 on Wednesday.Indian stock markets, however, remained steady. Both Sensex and Nifty ended the day in green. Market experts said that while the situation with Pakistan has become tense, it has not affected investor confidence in India so far.A report from Emkay Global said India's strong reply after the Pahalgam terror attack has increased fears of further conflict. However, it believes markets will not be deeply affected unless the situation worsens.It added that the market might see some pause or sideways movement in the short term, but still expects Nifty to grow by around 7% in FY26. Emkay also said small and mid-cap stocks may perform better.Pankaj Singh, Founder at SmartWealth.ai, said that short-term caution is normal, but Indian markets have shown strong recovery in the past after similar incidents. 'Unless there is a larger economic or global shock, tensions between India and Pakistan have not caused long-term damage to markets. Investors should keep their focus on business fundamentals, not fear,' he said.Tune InMust Watch
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The Hindu

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People will not tolerate if you belittle opposition, Kharge tells PM Modi

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Hans India

12 minutes ago

• Hans India

India's exports of pharmaceuticals, textiles, jewellery to US likely to go up after bilateral trade pact

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Indian Express

15 minutes ago

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Sensex falls 0.62%, Nifty ends below 25,000 amid rising tensions in Middle East

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