Latest news with #ParasDefenceandSpaceTechnologies
Economic Times
3 days ago
- Business
- Economic Times
Paras Defence shares fall 6% as post-split rally stalls
Paras Defence and Space Technologies' shares declined 6.1% on Monday due to profit booking after a recent rally triggered by a 1:2 stock split. Despite the dip, the stock remains above key moving averages, indicating underlying strength. However, an overbought RSI suggests a potential near-term pullback, even as the stock has shown strong gains over the past year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Paras Defence and Space Technologies fell as much as 6.1% on Monday to Rs 876.55 on the BSE , as investors booked profits following last week's sharp rally triggered by the company's 1:2 stock split The stock, which had surged over 8% on Friday post-adjustment, saw a reversal in sentiment even as underlying technical indicators continued to show strength. The decline comes despite bullish cues, with the stock still trading above all eight key simple moving averages (SMAs) — from the 5-day to the 200-day — and the Moving Average Convergence Divergence (MACD) remaining above both the center and signal rally followed the company's stock split becoming effective on July 4, which was also the record date for the sub-division. The split, changing the face value from Rs 10 to Rs 5 per share, had been approved by shareholders via postal ballot on June 7, 2025, as disclosed in a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 42).However, with the Relative Strength Index (RSI) at 70.7 — a level considered overbought — a near-term pullback remains likely. Paras Defence shares continue to show strong performance over broader timeframes. The stock is up 14.4% over the past year and has surged 82.4% in the last six months. In the past three months alone, it has gained 79%, including a 7% rise over the past month. Paras Defence 's market capitalisation currently stands at Rs 7,442.64 crore.
Time of India
3 days ago
- Business
- Time of India
Paras Defence shares fall 6% as post-split rally stalls
Paras Defence and Space Technologies' shares declined 6.1% on Monday due to profit booking after a recent rally triggered by a 1:2 stock split. Despite the dip, the stock remains above key moving averages, indicating underlying strength. However, an overbought RSI suggests a potential near-term pullback, even as the stock has shown strong gains over the past year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Paras Defence and Space Technologies fell as much as 6.1% on Monday to Rs 876.55 on the BSE , as investors booked profits following last week's sharp rally triggered by the company's 1:2 stock split The stock, which had surged over 8% on Friday post-adjustment, saw a reversal in sentiment even as underlying technical indicators continued to show strength. The decline comes despite bullish cues, with the stock still trading above all eight key simple moving averages (SMAs) — from the 5-day to the 200-day — and the Moving Average Convergence Divergence (MACD) remaining above both the center and signal rally followed the company's stock split becoming effective on July 4, which was also the record date for the sub-division. The split, changing the face value from Rs 10 to Rs 5 per share, had been approved by shareholders via postal ballot on June 7, 2025, as disclosed in a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 42).However, with the Relative Strength Index (RSI) at 70.7 — a level considered overbought — a near-term pullback remains likely. Paras Defence shares continue to show strong performance over broader timeframes. The stock is up 14.4% over the past year and has surged 82.4% in the last six months. In the past three months alone, it has gained 79%, including a 7% rise over the past month. Paras Defence 's market capitalisation currently stands at Rs 7,442.64 crore.
Time of India
7 days ago
- Business
- Time of India
Paras Defence to trade ex-split on Friday. Last chance to buy today
Paras Defence and Space Technologies shares will trade ex-split on Friday, July 4. The company's stock split was approved on June 7, 2025. The company reported strong Q4FY25 results, with net profit rising 97.8% YoY to Rs 20 crore. Revenue for the quarter grew 31.8% YoY to Rs 112 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Paras Defence and Space Technologies will trade ex-split on Friday, July 4 as the company has set this as the record date for its 1:2 stock split on this day. Today will be the final opportunity for investors to buy the stocks to become eligible for additional shares as a result of the sub-division .Under the stock split, equity shares of face value of Rs 10 each fully paid up into 2 equity shares of face value of Rs 5 each fully paid is the date on which a stock starts trading at its new price and adjusted share quantity following a stock split. If the investor buys shares on or after the ex-split date, he will buy them at the split-adjusted price and quantity. A stock split increases the number of shares while reducing the price per share proportionally, without affecting the total market value of an investor's company received shareholders approval for the split on June 7, 2025 and the company had informed the exchanges about the development via a June 10 filing. Paras Defence and Space Technologies shares have been top firm this year, delivering returns of 69% so far and outperforming the Nifty whose returns stand at 7%. The counter has given returns of 18% over a one-year period versus 5.5% by the 50-stock company offers services related to concept-to-commissioning in the area of defence electronics , defence & space optics and defence heavy engineering. Paras Defence claims to be the only company in India to manufacture infrared optics in large Defence reported a consolidated quarterly net profit at Rs 20 crore in Q4FY25, recording a growth of 97.8% YoY. Meanwhile, the total revenue for the March ended quarter stood at Rs112 crore, which was growth of 31.8% YoY.
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.
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)
