Avic Chengdu share price: J-10 fighter jet maker's stock jumps over 6% after Modi-Xi meeting

Avic Chengdu Aircraft share price: J-10 fighter jet maker Avic Chengdu share price rallied as much as 5.89 per cent to 108.22 yuan on Monday, September 1, after PM Narendra Modi and Chinese President Xi Jinping's meeting on Sunday, August 31.

The meeting between the leaders of Asia's biggest economies involved discussions of enhancing trade and investment ties, which helped stabilise the sentiment in the equity markets in India and China. 

China's blue-chip CSI300 Index gained 0.60% in trade today. The positive sentiment also rubbed off on select defence counters too, including Avic Chengdu. 

Modi told Xi that India remains committed to strengthening relations with China and addressed the widening bilateral trade deficit, which stands at nearly $99.2 billion. He also stressed the importance of maintaining peace and stability along their disputed border, where a 2020 clash led to a five-year military standoff.

A reduction in tensions between India and China could reduce concerns over potential military confrontations, resulting in positively influencing investor sentiment towards select Chinese defence companies.

Xi-Modi Meet

Chinese President Xi Jinping met with Prime Minister Narendra Modi on the sidelines of the SCO Summit 2025. This visit marks PM Modi’s first trip to China in seven years to participate in the two-day event, which gathers leaders from Russia, Central Asia, South and Southeast Asia, and West Asia, reflecting the unity of the Global South.

The SCO Summit is taking place at a time when US President Donald Trump has imposed 50 per cent tariffs on Indian products.

India and China are partners in development rather than competitors, Prime Minister Narendra Modi and Chinese President Xi Jinping said on Sunday as they explored ways to strengthen trade relations amid ongoing global tariff uncertainties.

Avic Chengdu Aircraft share price trend

The J-10 fighter jet maker's stock has been in the limelight since the India-Pakistan conflict. The stock drew investor attention after Pakistan Air Force deployed the J-10 fighter jet against India; however, it failed to make any significant impact on India's military strength.

On Monday, Avic Chengdu Aircraft share price touched an intraday high of 108.22 yuan. The fighter jet stock opened at 102.20 yuan on September 1, as compared to the previous close of 101.95 yuan.

Avic Chengdu stock has been rallying in the near-term, adding to investors wealth. The stock has gained nearly 29 per cent in a month and 77 per cent in six months.

In terms of year-to-date (YTD), the fighter jet stock has ascended 56 per cent, rising from 68.01 yuan to current market level.

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