Modi visits air force base as Dassault stocks plummet

Indian Prime Minister Narendra Modi visited the Adampur air force base, near Jalandhar in East Punjab, on Tuesday where he reiterated the “new normal” of military action against Pakistan, but aware that the stocks of the company that manufactures the fabled Rafale jets his pilots used in the recent duel had plummeted. The Hindustan Times reported on Tuesday that while Rafale shares suffered losses, the stocks of Chinese warplane manufacturers Avic Chengdu had soared after the military engagement between Indian and Pakistani pilots last week. Dassault Aviation’s stock plummeted seven per cent amid fluctuating prices, following reports of India using Rafale jets in Operation Sindoor against Pakistan, Hindustan Times said.