Dassault aviation, rafale jet
The shares of French company Dassault Aviation, which manufacture Rafale fighter jet, are very much discussed these days. Since Operation Sindoor, there is a fluctuations in the price of the company’s share. After the shares surge on Monday, there was a slight decline in early trade on Tuesday, but within a few minutes the stock started gaining momentum again. Today the stock is trading at 297.20 euros with a slight increase on the Paris Stock Exchange today. However, in the last one month, the stock of Rafale Jet maker has fallen by 3 percent. Meanwhile, the situation on that claim of Pakistan has also become clear, stating that Rafale Jets of India were dropped in Operation Sindoor.
Truth on Operation Sindoor
Pakistan had claimed that India’s Rafael Jet was targeted during Operation Sindoor. But now Eric Trappier, chairman and CEO of Dassault Aviation, has dismissed these reports outright. According to French website Avian de Chase, Trappier clearly stated that India did not lose any Rafale jet in Operation Sindoor. Yes, there was a technical fault with a jet, but it was not due to any action of the enemy. Trappier reported that the incident took place at an altitude of more than 12,000 meters during a testing mission, which included no enemy or hostile radar contact.
Apart from this, Indian Defense Secretary R.K. Singh also misunderstood in a conversation with Network 18 on Monday (July 7) that India lost a Rafale jet in a four -day struggle. He made it clear that these claims are baseless and India’s defense system is completely strong.
What is the atmosphere in the stock market?
Talking about the share of Dassault Aviation, its movement in the market is drawing the attention of investors. Laxmishree’s research head Anshul Jain says that this stock has been trading in a limited range for the last 18 weeks. The average price of the stock remains around 299 euros per share. According to Jain, stability in the share price for such a long time has given the weekly chart a chance to coordinate with short -term moving average. Due to this, there is a possibility of a big breakout in the stock.
Jain further said, “If the stock crosses 306 euro levels and closes firmly at this level, it can start a new fast. This can make the stock of 330 euros reach a 330 euro zone. Investors should monitor the volume confirmation for this breakout, so that they can decide to invest with confidence.”
What is opinion for investors?
Investors are currently interested in Dassault Aviation shares. The company’s credibility has become stronger after the wrong news about Operation Sindoor was cleared. There is no question on Rafael Jet’s credibility and the technical capacity of Dassault Aviation. In such a situation, market analysts believe that if there is a boom in the stock, then it can be a good chance for investors. However, it is necessary to monitor volume and market trends before investment. At present, there is stability in the price of Dassault Aviation’s share, but if it breaks the level of 306 euros in the coming days, then there may be a new movement in the market.
Disclaimer: This article is only for information and should not be considered as an investment advice in any way. TV9 India has to take advice from its financial advisors before taking any decision related to money to its readers and audience.