Shares of JF-17 manufacturer soar after PAF retaliation against Indian air strikes

Following the Pakistan Air Force's successful deployment of JF-17 and J-10C aircraft in a befitting response to India's Operation Sindoor, launched on Wednesday midnight, China's Chengdu Aircraft Corporation (CAC) saw its shares surge by over 17%.

Pakistan bought J10C and JF-17 from the Chinese Defence Company Chengdu ALD Aviation Manufacturing Corporation. 

According to the report, the Chinese company noticed an 18.1% increase at the Shenzhen Stock Exchange, while the competitor, France's Dassault Aviation, which provides jets to India, lost at least 6% of its shares.

The Pakistan Air Force (PAF), in retaliation, brought down five Indian jets, including three Rafale jets, and three drones. 

Notably, the Rafale jets are considered combat aircraft with the latest technology, which were shot down by the PAF in its vigorous counter-attack.

Read: Pakistani leadership grants military full authority to retaliate against India

Earlier, after India's cowardly attack under the cover of night, Pakistan retaliated vigorously, resulting in five Indian aircraft being shot down and the brigade headquarters of the Indian army being destroyed. 

The Pakistani Air Force also destroyed several Indian checkposts, videos of which were shown to the media by the DG ISPR.

Indian media confirmed the destruction of three of its Rafale jets. However, the Inter-Services Public Relations (ISPR) claimed the destruction of six Indian jets and some military units.

Pakistan's military has scrambled all air force jets in response to the attack, which the DG ISPR condemned as a 'shameful and cowardly' act originating from Indian airspace, stating, "Pakistan will respond at a time and place of its choosing."