New Delhi, Sept. 8 -- Shares of Chinese jet maker Avic Chengdu have plunged 25% in the last four trading sessions amid back-to-back losses. The losses came despite China's display of growing firepower at its once-a-decade military parade.
The fall in Avic Chengdu share price started on September 3, the day of the Chinese Military Parade. Since then, the Chinese defence stock has been in a freefall, shedding 24.6% during this period.
In the last four sessions, Avic Chengdu shares declined the most on September 3 - down 14% and slipped below 100 yuan. Meanwhile, today's 2% fall has pushed the stock closer to 80 yuan. In today's trade, J-10 fighter jet maker hit a high of 82.94 yuan and a low of 80.01 yuan. It settled the trade at 81.25 yu...
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