Rafale maker Dassault Aviation’s stock prices fall after India-Pakistan ceasefire

The stock prices for Dassault Aviation, maker of Rafale, fell over 7% on Monday after India and Pakistan announced a ceasefire on Saturday. The fighter aircraft were part of India’s offensive in Pakistan and Pakistan occupied Kashmir (PoK) at nine sites as a part of ‘Operation Sindoor’, India’s response to the Pahalgam terror attack on April 22.

On May 12, Dassault Aviation stock was at an intraday low of €292 on the Paris stock exchange, after it had opened at €303.40.

India’s ‘Operation Sindoor’, which Rafale aircraft was a significant part of, was launched on May 7. As of May 9, Dassault Aviation had seen a significant 66% in its shares this year.

India used fighter aircraft during Operation Sindoor. The Paris-listed company’s stock rose to 10%, soared 66.7% in 2025 so far to 325.80 Euros on May 8, against its close at €195.90 on December 31, 2024. 

The total market capitalisation of Dassault Aviation stood at 2.61 billion Euros (₹25,120 crore).

Notably, India signed a landmark ₹63,000 crore government-to-government deal with France to buy 26 Rafale-Marine fighter jets which will give added punch to the Indian Navy.

The 26 Rafale-M jets for the Navy, manufactured by Dassault Aviation of France, are expected to be delivered within 37 to 65 months. The delivery of all the planes is scheduled to be completed by 2030-31, a senior official said.

The Rafale procurement will include weapons, simulators, spares, associated ancillary equipment, crew training and logistics support for the Indian Navy from the French government. Besides, it includes indigenous manufacturing of components under offset obligations as part of the ‘Atmanirbhar Bharat’ initiative.