The shares of Avic Chengdu Aircraft, a large company that manufacture China’s fighter aircraft, touched the sky with a tremendous rise on Monday. The biggest reason for this fast is that the meeting of Prime Minister Modi and Chinese President Xi Jinping recently is believed to be.
A few hours after this meeting, the company’s shares reached 108.88 yuan with a jump of 6.80%. Due to this boom, the market value of the company increased by about Rs 2050 crore in a single day and it increased by 26.08 thousand crores, which was 24.42 thousand crores on August 29.
J-10 fighter jet manufacturer
Avic Chengdu is the same company that makes J-10 fighter aircraft. In recent years, this fighter jet was deployed against India by Pakistan Air Force, but it did not have any significant impact on India. However, this definitely increased the international name of the company. Avic Chengdu shares have received a return of 29% in the last one month and 77% in six months. Since the beginning of the year (YTD) (YTD) This stock has increased from 68.01 yuan to 108.22 yuan i.e. it has increased by about 56%.
PM Modi reached China after 7 years
The meeting took place during the Shanghai Cooperation Organization (SCO) Summit 2025, which was held in Chengdu city, China. PM Modi has visited China for the first time after about 7 years where he held a special meeting with Xi Jinping. Many big leaders of Russia, Central Asia, South and South-East Asia attended this conference.
During this meeting, the two leaders made it clear that India and China are partners in development, not rival. At the same time, he emphasized that by rising above the border disputes, now both countries should increase cooperation in trade and investment. The timing of this meeting was also special as recently US President Donald Trump has imposed 50% tariff on Indian products. Trump’s decision is believed to be due to the purchase of Russian oil by India.