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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.
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)
Time of India
02-07-2025
- Business
- Time of India
Paras Defence shares climb over 4% as anti-drone tech unit bags Rs 22 crore order from French firm
Live Events Stock performance and technicals (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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 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 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 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 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 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.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
