India, May 14 -- Shares of Dassault Aviation, the maker of Rafale jets that India reportedly used against Pakistan during 'Operation Sindoor', extended their rally for a second straight session on Wednesday, May 14, rising over 1.47% to hit an intraday high of €304.40 on the Paris Stock Exchange, edging closer to its record high of €332.20.

After a sharp 7% drop on Monday, Dassault Aviation rebounded by more than 3% on Tuesday. Market experts pointed out the formation of a bullish hammer pattern on the monthly chart, suggesting more upside in the near term, Live Mint reported.

The recent surge is being linked to geopolitical developments. Following India's Operation Sindoor on May 7, in which Rafale jets reportedly struck te...