Latest news with #CHIMERA200
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Business Standard
04-07-2025
- Business
- Business Standard
This smallcap defence company stock zooms 10% on turning ex-split today
Paras Defence and Space Technologies share price Shares of Paras Defence and Space Technologies were locked at the 10 per cent upper circuit at ₹933.50 on the BSE in Friday's intra-day trade. The smallcap aerospace & defence company today turned ex-split in the ratio of 1:1 i.e. from ₹10 to ₹5. In the past four trading days, the stock price of Paras Defence has surged 24 per cent after the company announced that it will supply high-end counter unmanned aircraft systems (UAS) technology to France's CERBAIR. The stock had hit a 52-week high of ₹971.80 (adjusted to split). It has more-than-doubled or zoomed 133 per cent from its 52-week low price of ₹401 hit on April 7, 2025. Paras Defence - sub-division/split of equity shares The board of directors of Paras Defence on April 30, 2025 approved the sub-division/ split of existing 1 equity share of face value of ₹10 each, into 2 equity shares of face value of ₹5 each. The company had fixed Friday, July 04, 2025 as the 'Record Date' for the purpose of determining the eligibility of shareholders for sub-division/ split. The split of equity shares will make the shares more affordable and attractive to invest, thereby encouraging greater participation of retail investors and will also enhance the liquidity of the company's shares in the market, Paras Defence said on the rationale behind the stock split. Paras Defence to supply high-end counter UAS technology to France's CERBAIR On July 1, 2025, Paras Anti Drone Technologies Pvt Ltd, a subsidiary of Paras Defence, announced that France-based CERBAIR, a leading European counter-UAV company, is intending to acquire up to 30 CHIMERA 200 systems (an advanced Man portable radio frequency detection and neutralization device) designed as primary defence against drone and swarm drone threats. ALSO READ | DAC ₹1.05-trn nod spurs defence stocks; Paras, Astra, BEML jump up to 10% The deal worth approximately ₹22 crore (€2.2 million) by Paras, strengthens India's position as an emerging and reliable exporter of sophisticated defence technologies. It also aligns with the country's Make in India and Defence Production & Export Promotion Policy goals of achieving $5 billion in annual defence exports by 2025, the company said. Ambitious targets signal a robust future for defence sector India's defence sector is poised for exponential growth, with the ministry aiming to achieve indigenous production of ₹3 trillion by 2028-29F, requiring a 19 per cent annual growth rate from 2023-24 levels. Defence exports are targeted to reach ₹50,000 crore by 2028-29F, building on the 32.5 per cent increase in exports from 2022-23 to 2023-24. Initiatives like the Technology Development Fund, sanctioning 78 projects worth ₹333 crore, and the Defence Research and Development Organisation or DRDO's support for industry through free patent access and technology transfers are fostering innovation, analysts at InCred Equities said in a sector report. The Ministry of Defence or MoD's budget for FY26BE stands at ₹6.81 trillion, marking a 6.3 per cent year-on-year increase. However, due to escalating geopolitical tensions, particularly in the Indo-Pacific region and along India's borders with China and Pakistan, the brokerage firm projects the budget to rise by ~10 per cent YoY in FY27F, reaching around ~₹7.49 trillion. Meanwhile, the Defence Acquisition Council (DAC), has approved Acceptance of Necessity (AoN) for capital procurement proposals worth ₹1.05 trillion crore. All approvals fall under the 'Buy (Indian–IDDM)' category, ensuring that only domestically designed, developed, and manufactured systems will be procured. About Paras Defence and Space Technologies Paras Defence and Space Technologies is a premier Indian defence engineering company, delivering a comprehensive suite of indigenously designed, developed, and manufactured (IDDM) products and solutions for the defence and space sectors. The company serves marquee clients including DRDO, ISRO, BEL, L&T, Ordnance Factories, and the Ministry of Defence, and exports to countries such as Israel, Europe, the USA, and South Korea.
Mint
02-07-2025
- Business
- Mint
Paras Defence share price rises 4% after bagging order worth ₹22 crore for anti-drone system. Do you own?
Paras Defence share price surged as much as 4 per cent in Wednesday's trading session to ₹ 1,693 apiece on National Stock Exchange (NSE) after the company announced it has bagged a new order from Frence defence company Cerbair. The defence stock has been trading in green, gained over 4 per cent in past five sessions. Paras Defence shares have given multibagger returns by surging over 243 per cent in five years. In a regulatory filing on Tuesday, Paras Defence announced that it had received a Letter of Intent from Cerbair for the delivery of 30 units of the CHIMERA 200 drone countermeasure system, with the contract valued at ₹ 22.21 crore. The order will be fulfilled by its subsidiary, Paras Anti-Drone Technologies Pvt Ltd, which focuses on drone jamming solutions. The company stated that the CHIMERA 200 is an advanced anti-jamming system capable of disabling hostile drones by interfering with their communication and control signals. This agreement highlights a significant milestone for India's defence exports, with the French company's interest signaling increasing global trust in India's homegrown counter-drone technologies. The company further said that the the deal worth approximately ₹ 22 crore (€2.2 million) by Paras, strengthens India's position as an emerging and reliable exporter of sophisticated defence technologies. It also aligns with the country's Make in India and Defence Production & Export Promotion Policy goals of achieving $5 billion in annual defence exports by 2025. 'Our collaboration withCERBAIR is proof of India's growing stature as trusted source of advanced anti-drone technologies. We're committed to delivering field-tested solutions that meet the world's highest standards and strengthen India's position as a global defence manufacturing hub," said Ashutosh Baheti, Chief Executive Officer, Paras Anti Drone Technologies. Looking ahead, the CHIMERA 200 is set to play a pivotal role in India's defence export ambitions, showcasing the country's ability to deliver cutting-edge, mission-ready technologies to international partners while supporting the vision of making India a global hub for advanced defence manufacturing and innovation, the company said. 'India has moved beyond licensed manufacturing to become a global hub for the development and export of world-class technologies. By delivering field-proven, customizable solutions like the CHIMERA 200 to demanding international markets, we're demonstrating not just our technological strength but our commitment to supporting India's vision of self-reliance and leadership in defence exports," said Amit Mahajan, Director, Paras Defence and Space Technologies Ltd.
Business Standard
02-07-2025
- Business
- Business Standard
Paras Defence gains as arm bags Rs 22-cr LoI from France's Cerbair
Paras Defence and Space Technologies added 3.71% to Rs 1,687.80 after its subsidiary, Paras Anti-Drone Technologies has received a Rs 22.21 crore letter of intent (LoI) from France's Cerbair to supply 30 units of its CHIMERA 200 anti-drone system. The said deal marks a major export breakthrough for India's defence tech sector. The CHIMERA 200 is a world-class counter-UAS system with exclusive wideband detection and neutralization capabilities, supporting both omnidirectional and directional operations. Its adaptive, upgradeable configuration enables precise threat detectionincluding drones, remote controls, and their take-off and control locationsacross 400 MHz to 6 GHz frequencies with up to five simultaneous bands. Its evolutionary RF architecture, secure API for C2 and weapons integration, low false alarm rate, and scalable design ensure it can counter drone threats today while evolving to address IEDs, signal spoofing, and broader electronic warfare needs. Ashutosh Baheti, chief executive officer (CFO), Paras Anti Drone Technologies, said: Our collaboration with CERBAIR is proof of Indias growing stature as trusted source of advanced anti-drone technologies. Were committed to delivering field-tested solutions that meet the worlds highest standards and strengthen Indias position as a global defence manufacturing hub. Lucas Le BELL, President, CERBAIR in a letter of intent sent to Paras Anti Drone Technologies, said: With shifts in global geopolitics and the conflict in Ukraine, the need for this solution has surged. Our customers are seeking demonstrations and deliveries, signalling a strong market fit. By boosting the neutralization power output with agile modulations to address the newest drone antineutralization innovations, we can ensure this solution rapidly becomes a major success. Amit Mahajan, Director, Paras Defence and Space Technologies, said, India has moved beyond licensed manufacturing to become a global hub for the development and export of world-class technologies. By delivering field-proven, customizable solutions like the CHIMERA 200 to demanding international markets, were demonstrating not just our technological strength but our commitment to supporting Indias vision of self-reliance and leadership in defence exports. Paras Defence and Space Technologies (PDST) is a Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions.
Mint
02-07-2025
- Business
- Mint
Paras Defence share price rises 4% after bagging order worth ₹22 crore for anti-drone system. Do you own?
Paras Defence share price surged as much as 4 per cent in Wednesday's trading session to ₹ 1,693 apiece on National Stock Exchange (NSE) after the company announced it has bagged a new order from Frence defence company Cerbair. The defence stock has been trading in green, gained over 4 per cent in past five sessions. Paras Defence shares have given multibagger returns by surging over 243 per cent in five years. In a regulatory filing on Tuesday, Paras Defence announced that it had received a Letter of Intent from Cerbair for the delivery of 30 units of the CHIMERA 200 drone countermeasure system, with the contract valued at ₹ 22.21 crore. The order will be fulfilled by its subsidiary, Paras Anti-Drone Technologies Pvt Ltd, which focuses on drone jamming solutions. The company stated that the CHIMERA 200 is an advanced anti-jamming system capable of disabling hostile drones by interfering with their communication and control signals. This agreement highlights a significant milestone for India's defence exports, with the French company's interest signaling increasing global trust in India's homegrown counter-drone technologies. The company further said that the the deal worth approximately ₹ 22 crore (€2.2 million) by Paras, strengthens India's position as an emerging and reliable exporter of sophisticated defence technologies. It also aligns with the country's Make in India and Defence Production & Export Promotion Policy goals of achieving $5 billion in annual defence exports by 2025. 'Our collaboration withCERBAIR is proof of India's growing stature as trusted source of advanced anti-drone technologies. We're committed to delivering field-tested solutions that meet the world's highest standards and strengthen India's position as a global defence manufacturing hub," said Ashutosh Baheti, Chief Executive Officer, Paras Anti Drone Technologies. Looking ahead, the CHIMERA 200 is set to play a pivotal role in India's defence export ambitions, showcasing the country's ability to deliver cutting-edge, mission-ready technologies to international partners while supporting the vision of making India a global hub for advanced defence manufacturing and innovation, the company said. 'India has moved beyond licensed manufacturing to become a global hub for the development and export of world-class technologies. By delivering field-proven, customizable solutions like the CHIMERA 200 to demanding international markets, we're demonstrating not just our technological strength but our commitment to supporting India's vision of self-reliance and leadership in defence exports," said Amit Mahajan, Director, Paras Defence and Space Technologies Ltd. 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.
Economic Times
02-07-2025
- Business
- Economic Times
Paras Defence shares climb over 4% as anti-drone tech unit bags Rs 22 crore order from French firm
Shares of Paras Defence and Space Technologies climbed as much as 4.5% on Wednesday to Rs 1,700 on the BSE after the company announced a fresh international order for its anti-drone system from French defence firm Cerbair. ADVERTISEMENT In a regulatory filing on Tuesday, Paras Defence said it had received a Letter of Intent from Cerbair for the supply of 30 units of the CHIMERA 200 drone countermeasure system. The total contract value stands at Rs 22.21 crore. The order will be executed by its subsidiary, Paras Anti-Drone Technologies Pvt Ltd, which specialises in drone jamming technologies. According to the company, the CHIMERA 200 is a sophisticated anti-jamming solution designed to neutralise hostile drones by disrupting their communication and control signals. The deal marks a notable validation of India's defence technology exports, with the French firm's interest reflecting growing international confidence in the country's indigenous counter-drone Defence, the parent firm, is engaged in the design, development, manufacturing, and testing of advanced defence and space engineering systems. ADVERTISEMENT The defence stock has been on a strong upward trajectory over the past few months. It has risen 5% in the past month, 72.6% in the last three months, and 67.7% in the last six months. On a one-year basis, the shares are up 17.6%.From a technical standpoint, the stock is currently trading above all eight of its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day — signaling strength across both short-term and long-term charts. ADVERTISEMENT The Relative Strength Index (RSI) is at 53.4, indicating the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) stands at 26.9, above its center line but below its signal line. Also read | HDB Financial IPO: Why smart money saw 55 times oversubscription but retail held back at 1.4 times bids (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
