Rafale brand owner Dassault Aviation share price 10% away from record high. More steam left in this defence stock?

Dassault Aviation share price continues to trade in green for third consecutive session, surged nearly 2 per cent on Thursday. The Rafale-famed stock climbed to an intraday high of €306.40 on the Paris stock exchange during early morning deals today, placing 10 per cent away from record high levels of €332.20.

The Rafale-famed stock gained nearly 3 per cent in last two sessions but has descended by more than 5.61 percent over the last five sessions.

According to market experts, Dassault Aviation's share price has formed a bullish hammer pattern on the monthly chart, signaling positive momentum for buyers. They anticipate the stock may approach its previous all-time high in the short term."

Dassault Aviation share price movement

Rafale fighter jet maker Dassault Aviation's share price fell by more than 10 per cent following Operation Sindoor, conducted by the Indian Air Force on 7 May 2025.

“Since the beginning of the year 2025, Dassault Aviation's share has given more than 65% returns, driven by investors' confidence and Rafale Jet exports. Additionally, India and France recently signed a major defence deal to procure 26 naval variants of the Rafale fighter,” said Ravi Singh, SVP — Retail Research at Religare Broking.

Dassault Aviation is the producer of the Rafale fighter jets, which have been deployed by the Indian Air Force in precision attacks targeting terrorist locations within Pakistan, including areas in Pakistan-occupied Kashmir (PoK) and various terror camps across the country.

The impressive performance of Dassault’s stock highlights the company’s solid financial standing. The firm posted annual revenues of €6.24 billion and a net profit of €924 million, as the broader French Aerospace & Defence industry grew by 17.7% over the past year.

Dassault Aviation share price - More steam left?

Although the defence tock has recently declined, it has still given multibagger returns, soaring more than 356% over the last five years.

Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi, states that Dassault Aviation's share price is forming a bullish hammer pattern on the monthly chart, indicating a strong technical signal.

“The Rafale brand owner company's stock has made a double bottom around the 280 zone, which is currently working as crucial support for Dassault Aviation shares. Hence, Dassault Aviation shareholders are advised to hold the scrip, maintaining a stop loss at 280. On the upper side, Dassault Aviation's share price faces a hurdle in the 320 to 330 zone. So, fresh investors can buy and hold the scrip for the short-term target 330. However, they must maintain a stop loss at 280 while taking any fresh position in this scrip,” Dongre added.

Meanwhile, Riyank Arora, Technical Analyst at Mehta Equities Ltd says that the current technical setup suggests the stock is poised for a potential rebound toward €330.

“Dassault Aviation has immediate support at €290, with the next key level near €260 if that breaks. The RSI (14) on the daily chart is around 45, indicating a neutral to sideways trend, but also hinting at a possible bounce from current levels,” Arora said.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.