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6d ago

Defense Stocks React to Ceasefire After India-Pakistan Tensions Over Operation Sindoor

Dassault Aviation and Chengdu Aircraft Corporation stocks fluctuate sharply, while Indian defense firms rally following Modi's policy statements.

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A French fighter aircraft Rafale M, manufactured by Dassault Aviation, takes part in a practice session for a simulated landing on an aircraft carrier at the Landivisiau Navy Air Base (BAN Landivisiau) in Saint-Servais, Brittany, in France.
Pakistan Air Force J-10 fighter jets fly past over the President's House during the national day parade in Islamabad on March 23, 2025. (Photo by Aamir QURESHI / AFP)

Overview

  • Dassault Aviation shares have dropped over 10% from their recent highs, following earlier gains tied to reports of Rafale jets being used in Operation Sindoor.
  • Chengdu Aircraft Corporation, maker of the J-10C fighter jet used by Pakistan, saw a 20% surge in stock value on May 12, though it has since retraced gains.
  • Operation Sindoor involved a precision strike by the Indian Air Force on May 7, targeting terrorist infrastructure 200 kilometers inside Pakistan without violating its airspace.
  • India's Cabinet Committee on Security approved the procurement of 22 Rafale M fighters and four trainers, signaling continued military modernization.
  • Indian defense stocks are rallying after Prime Minister Modi declared Operation Sindoor as a 'new normal' and emphasized India's military capabilities.