Shares of Apollo Micro Systems (AMS) continued their upward momentum for the fourth consecutive trading session on Wednesday, surging as much as 3.76% intraday to hit a new 52-week high of Rs 303. However, some profit booking was seen by mid-morning, with the stock trading 2% higher at Rs 298.40 as of 10:50 AM. AMS … Read more
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 … Read more
The successful launch of ‘Operation Sindoor’ in the early hours of Wednesday has once again turned the spotlight on Indian defence stocks, which have rallied nearly 50% over the past month, reflecting strong investor interest. However, experts caution against chasing the rally out of FOMO, stressing the importance of a selective, strategy-driven approach to stock … Read more
Defense sector stocks gained up to 7% on Tuesday led by state-run Mazagon Dock Shipbuilders which hit the day’s high of Rs 2,219.90 on the NSE following an order for constructing DWT Multi-Purpose Hybrid Power Vessels for an undisclosed amount from a European client. Cochin Shipyard, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Bharat Dynamics, Bharat … 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
MUMBAI: The obituaries being written about the primary market after tepid debuts for recent listings will now have to be thrown into the wastebasket. Paras Defence & Space Technologies’ listing today has breathed new life into the market and just in time, too, as big wigs such as Paytm, PolicyBazaar and Nykaa prepare themselves to … Read more