New Delhi, Sept. 5 -- As Chinese defence stocks hogged the limelight this week against the backdrop of a once-a-decade military parade in China that unveiled new weapons and showcased Beijing's diplomatic clout, the country's largest defence firm by market capitalisation - Avic Chengdu - failed to impress investors.

Since the Chinese Military Parade, held on September 3, the J-10 fighter jet maker's stock has been on a downward trend, declining for three straight sessions. During this period, Avic Chengdu share price has tumbled 23% during this period, slipping below 100 yuan.

Avic Chengdu share price opened at 82.66 yuan on Friday, September 5, and declined nearly 2% to the day's low of 81.56 yuan. Meanwhile, the Chinese defence stock ...