Operation Sindoor's Impact on Defense Markets: Chinese Firm's Stock Declines Over 6%

New Delhi (The Uttam Hindu): Operation Sindoor, launched by the Indian Army to end terrorism, has dealt a big blow to not only Pakistan but also China. In fact, the shares of Chinese defense company Zhuzhou Hongda Electronics Corp. Ltd. fell by more than 6 percent on Tuesday.

Zhuzhou Hongda Electronics Corp Ltd is the same company whose missile 'PL-15' was shot down by the Indian Army under 'Operation Sindoor' during the conflict with Pakistan. The Pakistani army, enraged by the action taken by the Indian Army against terrorists, targeted the country's military installations using the Chinese missile PL-15, but this missile was instantly foiled by India's strong defense system.

According to the information, on the night of 9 and 10 May, Pakistan carried out air strikes using Chinese PL-15 missiles and Turkish-made Bykar YIHA-III kamikaze drones, targeting Indian air force bases and military facilities. India's air defence successfully foiled these attacks carried out by Pakistan to protect terrorists. The PL-15 is an air-to-air missile used by the JF-17 and J-10 fighter jets.

After India destroyed it in no time, questions are being raised about Chinese missile technology, due to which investors are losing confidence in Chinese defense and a huge decline was seen in the shares of Zhuzhou Hongda.

India's Director General of Air Operations, Air Marshal AK Bharti, displayed photographs of the destroyed weapons and demonstrated how the Indian defence network destroyed high-tech missiles and drones. He credited the indigenous air defence system 'Akash' for neutralising the threat.

The Turkish-made Bykar YIHA-III kamikaze drone was also detected and shot down by the army in Amritsar. This drone has the ability to carry out rapid attacks with a large payload and fly at low altitude. This drone was intended to cause heavy damage to military or civilian targets, but it failed to penetrate India's security.