Note: I apologize for mistakenly writing the wrong Stock Information. I have corrected it as of now.
On 7 May 2025, the news of Dassault Aviation Company's stock loss broke out after Pakistan claimed to have shot down three Rafale jets in India’s inventory during the cross-border strikes.
However, no party, including the Rafale jet manufacturing company Dassault Aviation and the Indian Air Force (IAF), confirmed the news. Although this news brought minor fluctuation in the stock market, the stocks of Dassault Aviation closed at €324.60 while holding a market cap of €332.20.
Pakistan Air Force Destroys Three Rafales
As reported by senior Pakistani defence officials and high-tier security sources, the Pakistan Air Force (PAF) destroyed six Indian warfighter aircraft. This specifically included three Rafale jets, one MiG-29 and one Su-30. This was to counter the Indian-dominated air strikes on the Pakistani-occupied Kashmir region.
The loss of the Rafale jets is attributed to Pakistan's air defences and the Chinese HQ-9B surface-to-air missile system on the Pakistani side of the Line of Control (LoC). Furthermore, Pakistan's J-10 C fighter jets, equipped with long-range PL-15 missiles, possess the capability to engage Indian jets from a considerable distance.
Market Reaction
While Indian sources have disputed some aspects of these claims, the market response was immediately felt. Dassault Aviation, which had seen a rise in stock value due to strong Rafale sales, witnessed a minor drop. On the other hand, reports of shares of Chengdu Aircraft Corporation, the producer of Pakistan’s J-10C and JF-17 jets, surged.
