Latest news with #ParasDefenceand
Mint
07-07-2025
- Business
- Mint
Defence stocks plunge on profit booking; Paras Defence, GRSE, BEL, Bharat Dynamics, among top losers
Defence stocks witnessed a sharp decline on Monday amid broad-based market weakness and heavy profit booking. The Nifty India Defence index dropped 1.45%, reflecting widespread selling pressure across key constituents. Paras Defence and Space Technologies share price emerged as the top laggard, falling 7.8%. Other major losers included Garden Reach Shipbuilders & Engineers, Astra Microwave Products, Bharat Electronics, Zen Technologies, and Bharat Dynamics, each shedding between 1% and 2%. On the flip side, DCX Systems, Unimech Aerospace and Manufacturing, BEML, Cyient DLM and Hindustan Aeronautics (HAL) were the only gainers in the Nifty India Defence index.
India Today
10-06-2025
- Business
- India Today
Paras Defence shares in focus today, rise over 1% in early trade. Here's why
Shares of Paras Defence and Space Technologies were in focus on Tuesday morning, rising over 1% in early trade after the company announced shareholder approval for its maiden stock split. At 10:03 am, Paras Defence shares were trading 1.03% higher at Rs 1,623.70 on the Bombay Stock Exchange (BSE).In a regulatory filing, the defence engineering firm said shareholders had greenlit the proposal to sub-divide equity shares during a postal ballot conducted on June 7, 2025. This marks the company's first-ever stock split since its listing."This is to inform you that the shareholders of Paras Defence and Space Technologies Limited (the 'Company') have approved sub-division/split of equity shares and alteration of Capital Clause of the Memorandum of Association ('MoA') of the Company by way of Ordinary Resolution through Postal Ballot on June 07, 2025," the company said in an exchange filing dated June to the filing, the proposal received overwhelming support, with 99.995% of shareholders voting in the 1:2 stock split, Paras Defence also declared its first-ever dividend of Rs 0.50 per share during its Q4 FY25 earnings on April 30. The announcement came on the back of a strong financial performance for the company reported a 97% jump in net profit to Rs 19.7 crore, up from Rs 10 crore in the same quarter last year. Revenue also surged 35.8% year-on-year to Rs 108.2 crore, while EBITDA rose sharply to Rs 28.3 crore from Rs 3.4 crore. Margins improved significantly, expanding nearly 10 percentage points to 26.2%.Paras Defence specialises in designing, developing, manufacturing, and testing a wide array of defence and space engineering products. Its business relies heavily on contracts awarded by the central government, defence public sector undertakings, and space research of the company are expected to remain active as investors digest the implications of the stock split and the company's strong earnings momentum advertisement
Economic Times
30-04-2025
- Business
- Economic Times
Paras Defence shares rise 40% in 3 days ahead of stock split, Q4 results announcement today
Q4 Results and Stock Split Announcement Live Events Rafale-M Fighter Jet Deal India–Pakistan Tensions (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Paras Defence and Space Technologies have surged 40.5% over the past three trading sessions, hitting a high of Rs 1,469 on BSE, ahead of the company's Q4 results and stock split announcement due later rally has also been fuelled by rising geopolitical tensions between India and Pakistan following the Pahalgam terror attack, and positive sentiment around the Rafale-M fighter jet Defence's board is scheduled to meet on April 30 to consider and approve the financial results for the quarter ended March 2025, as well as a stock split.'Pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 30, 2025, inter alia: i. to consider and approve the sub-division/split of existing equity shares of the Company pursuant to the provisions of Section 61 of the Companies Act, 2013,' the company said in an exchange board will also consider the payment of a dividend to equity shareholders in the same to Trendlyne data, this will mark the first time the company has proposed both a stock split and dividend for read: Bajaj Finserv shares slide 6% after Q4 results fail to impress investors Defence stocks , including Paras Defence, are in focus as India and France are set to officially finalise a Rs 63,000 crore agreement for 26 Rafale-M fighter jets. Initial deliveries are expected in about three and a half years, with the full contract scheduled for completion within six and a half Defence has also benefited from renewed buying interest amid escalating tensions between India and Pakistan after the Pahalgam terror attack last week. The April 22 attack claimed 26 civilian lives and has sparked widespread outrage in India, with growing demands for Defence Minister Khawaja Muhammad Asif stated that a military incursion by India was now imminent. India has blamed Pakistan for backing the perpetrators, calling it the deadliest civilian attack in recent years.
Time of India
30-04-2025
- Business
- Time of India
Paras Defence shares rise 40% in 3 days ahead of stock split, Q4 results announcement today
Q4 Results and Stock Split Announcement Live Events Rafale-M Fighter Jet Deal India–Pakistan Tensions (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Paras Defence and Space Technologies have surged 40.5% over the past three trading sessions, hitting a high of Rs 1,469 on BSE, ahead of the company's Q4 results and stock split announcement due later rally has also been fuelled by rising geopolitical tensions between India and Pakistan following the Pahalgam terror attack, and positive sentiment around the Rafale-M fighter jet Defence's board is scheduled to meet on April 30 to consider and approve the financial results for the quarter ended March 2025, as well as a stock split.'Pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 30, 2025, inter alia: i. to consider and approve the sub-division/split of existing equity shares of the Company pursuant to the provisions of Section 61 of the Companies Act, 2013,' the company said in an exchange board will also consider the payment of a dividend to equity shareholders in the same to Trendlyne data, this will mark the first time the company has proposed both a stock split and dividend for read: Bajaj Finserv shares slide 6% after Q4 results fail to impress investors Defence stocks , including Paras Defence, are in focus as India and France are set to officially finalise a Rs 63,000 crore agreement for 26 Rafale-M fighter jets. Initial deliveries are expected in about three and a half years, with the full contract scheduled for completion within six and a half Defence has also benefited from renewed buying interest amid escalating tensions between India and Pakistan after the Pahalgam terror attack last week. The April 22 attack claimed 26 civilian lives and has sparked widespread outrage in India, with growing demands for Defence Minister Khawaja Muhammad Asif stated that a military incursion by India was now imminent. India has blamed Pakistan for backing the perpetrators, calling it the deadliest civilian attack in recent years.
