Amit N Mahajan, Director, Paras Defence, says “Paras Defence is currently focussing on the domestic market because it is not just that the domestic market is the biggest market, but it also has a preferential procurement policy in favour of companies like us. So, the export market becomes a plan B. Plan A always will … Read more
Mumbai: The initial public offering (IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales. With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and … Read more
In the last three years, India’s defence sector has gone through unprecedented changes due to the government’s ambition to become self-reliant in this space, particularly after the Ukraine-Russia war. As a result of this, not only have the companies catering to the sector seen an order book boom, but even their share prices. In FY23, … Read more
The company delivers customised turnkey projects in the defence segment. It has partnered with some of the leading technology players around the world to indigenise advanced technologies in the defence and space sectors for the Indian market. Source link
NEW DELHI: While a number of bluechips have been sulking in a volatile 2022, defence stocks have been firing on all cylinders. Missile-maker Bharat Dynamics (BDL), which has been below the radar of most brokerages as only a handful of them have coverage on the PSU, has seen its shares more than double so far … Read more
NEW DELHI: Shares of defence companies defied the weakness in the broader market and managed to close with gains as the government as a council gave preliminary approval to military modernization projects costing Rs 76,000 crore, including the Navy’s next-generation corvettes. The approval will help cut India’s dependence on imports for military equipment as most … Read more