Wed May 14 03:10:00 UTC 2025: Okay, here’s a news article summarizing the provided text:
**Avic Chengdu Shares Plummet After Modi’s Strong Message on Operation Sindoor**
**Beijing/New Delhi -** Shares of Avic Chengdu Aircraft, the Chinese manufacturer of the J-10 fighter jet reportedly used by the Pakistani Air Force, experienced a significant selloff on Tuesday following a strong statement by Indian Prime Minister Narendra Modi regarding “Operation Sindoor.”
The share price of Avic Chengdu Aircraft crashed as much as 9.31% in intraday trading, settling at 88.66 yuan by mid-afternoon. The drop comes after a period of rapid gains for the stock, with shares surging over 60% since the launch of Operation Sindoor on May 6th.
Prime Minister Modi, while celebrating the success of the operation, issued a warning to Pakistan, stating that India would not succumb to nuclear blackmail. He also emphasized that “terror and trade” cannot coexist, implying a firm stance against cross-border terrorism. Modi further touted India’s air defense capabilities, claiming Pakistani drones and missiles were easily neutralized during recent events.
“The world saw how Pakistan’s drones and missiles fell like straws in front of India. India’s strong air defence system destroyed them in the sky itself,” Modi said.
According to Anshul Jain, Head of Research at Lakshmishree Investment, the recent surge in Avic Chengdu Aircraft’s stock price followed a breakout from a base of 73 yuan per share, reaching a high of 97.55 yuan. Jain suggests the current pullback could present a buying opportunity if the stock stabilizes around the 73 yuan mark, but cautions traders to monitor price action closely.
The decline in Avic Chengdu Aircraft shares contrasts sharply with the performance of Indian defense stocks, which reportedly rallied following Modi’s message. The situation underscores the geopolitical tensions between India and Pakistan and their potential impact on the defense industry.
First Piper 