Chinese missile maker's stock tanks over 6 pc after India destroys its air weapon

IANS | May 13, 2025 1:31 PM

New Delhi, May 13 (IANS) The shares of Zhuzhou Hongda Electronics Corp Ltd, the Chinese defence company that manufactures the PL-15 missile, dropped sharply by 6.42 per cent or 2.56 Yuan to 37.33 Yuan on Tuesday, after India's air defence system successfully intercepted and destroyed the missile during the conflict with Pakistan.