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News18
2 days ago
- Business
- News18
Paras Defence Shares Jump 10% On Turning Ex-Split Today; Key Points For Investors
Last Updated: Shares of Paras Defence and Space Technologies were locked in a 10 per cent upper circuit at Rs 933.50 on the BSE; Should you invest? Paras Defence Shares Hit Upper Circuit: Shares of Paras Defence and Space Technologies were locked in a 10 per cent upper circuit at Rs 933.50 on the BSE during Friday's intra-day session. The rally came as the small-cap aerospace and defence firm turned ex-split in a 1:1 ratio, subdividing equity shares from Rs 10 to Rs 5 face value. Over the last four trading sessions, the stock has surged 24 per cent, driven by news that Paras Defence will supply advanced counter-unmanned aircraft system (UAS) technology to CERBAIR, a France-based firm. The stock recently hit a 52-week high of Rs 971.80 (adjusted for the split) and has more than doubled—soaring 133 per cent—from its 52-week low of Rs 401 touched on April 7, 2025. Stock Split Details The board of directors approved the stock split on April 30, 2025, converting 1 equity share of Rs 10 face value into 2 equity shares of Rs 5 each. The record date for the stock split was fixed as Friday, July 4, 2025. Investors purchasing shares on or after this date will not be eligible for the split. Paras Defence said the move is aimed at enhancing liquidity and making the stock more accessible to retail investors by reducing the per-share price. In a recent interview with CNBC-TV18, Amit Mahajan of Paras Defence clarified that the company's exposure to Israel is primarily for technology transfers and not direct exports. He added that while minor delays of 1–2 weeks are expected in tech transfer from Israeli firms, there is no anticipated supply chain disruption that would impact component imports. The company's total export exposure to Israel stands at only 5 per cent. Shares of Paras Defence had closed 0.24% lower at Rs 1,692.20 on Thursday. Over the past six months, the stock has gained 75 per cent. Strong Tailwinds for India's Defence Sector India's defence sector is entering a high-growth phase, with the Ministry of Defence targeting Rs 3 trillion in indigenous production by 2028–29F, implying a 19 per cent CAGR from FY24 levels. Defence exports are expected to rise to Rs 50,000 crore by the same year, building on the 32.5 per cent YoY jump recorded between FY23 and FY24. Analysts at InCred Equities highlighted government initiatives such as the Technology Development Fund, which has sanctioned 78 projects worth Rs 333 crore, and DRDO's support for the industry through free patent access and technology transfers. For FY26BE, the MoD has allocated Rs 6.81 trillion, up 6.3 per cent YoY. Given ongoing geopolitical tensions—especially in the Indo-Pacific and along India's borders with China and Pakistan—InCred projects the defence budget to grow by around 10 per cent YoY in FY27F to reach Rs 7.49 trillion. Meanwhile, the Defence Acquisition Council (DAC) has approved capital procurement proposals worth Rs 1.05 trillion. All fall under the 'Buy (Indian–IDDM)' category, ensuring only domestically designed, developed, and manufactured systems will be procured. About Paras Defence and Space Technologies Paras Defence is a leading Indian defence engineering company offering a full suite of indigenously designed, developed, and manufactured (IDDM) products and solutions across the defence and space sectors. Its client portfolio includes marquee names such as DRDO, ISRO, BEL, L&T, Ordnance Factories, and the Ministry of Defence. The company also exports to several global markets including Israel, Europe, the USA, and South Korea. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
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Business Standard
2 days ago
- Business
- Business Standard
This smallcap defence company stock zooms 10% on turning ex-split today
Paras Defence and Space Technologies share price Shares of Paras Defence and Space Technologies were locked at the 10 per cent upper circuit at ₹933.50 on the BSE in Friday's intra-day trade. The smallcap aerospace & defence company today turned ex-split in the ratio of 1:1 i.e. from ₹10 to ₹5. In the past four trading days, the stock price of Paras Defence has surged 24 per cent after the company announced that it will supply high-end counter unmanned aircraft systems (UAS) technology to France's CERBAIR. The stock had hit a 52-week high of ₹971.80 (adjusted to split). It has more-than-doubled or zoomed 133 per cent from its 52-week low price of ₹401 hit on April 7, 2025. Paras Defence - sub-division/split of equity shares The board of directors of Paras Defence on April 30, 2025 approved the sub-division/ split of existing 1 equity share of face value of ₹10 each, into 2 equity shares of face value of ₹5 each. The company had fixed Friday, July 04, 2025 as the 'Record Date' for the purpose of determining the eligibility of shareholders for sub-division/ split. The split of equity shares will make the shares more affordable and attractive to invest, thereby encouraging greater participation of retail investors and will also enhance the liquidity of the company's shares in the market, Paras Defence said on the rationale behind the stock split. Paras Defence to supply high-end counter UAS technology to France's CERBAIR On July 1, 2025, Paras Anti Drone Technologies Pvt Ltd, a subsidiary of Paras Defence, announced that France-based CERBAIR, a leading European counter-UAV company, is intending to acquire up to 30 CHIMERA 200 systems (an advanced Man portable radio frequency detection and neutralization device) designed as primary defence against drone and swarm drone threats. ALSO READ | DAC ₹1.05-trn nod spurs defence stocks; Paras, Astra, BEML jump up to 10% 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, the company said. Ambitious targets signal a robust future for defence sector India's defence sector is poised for exponential growth, with the ministry aiming to achieve indigenous production of ₹3 trillion by 2028-29F, requiring a 19 per cent annual growth rate from 2023-24 levels. Defence exports are targeted to reach ₹50,000 crore by 2028-29F, building on the 32.5 per cent increase in exports from 2022-23 to 2023-24. Initiatives like the Technology Development Fund, sanctioning 78 projects worth ₹333 crore, and the Defence Research and Development Organisation or DRDO's support for industry through free patent access and technology transfers are fostering innovation, analysts at InCred Equities said in a sector report. The Ministry of Defence or MoD's budget for FY26BE stands at ₹6.81 trillion, marking a 6.3 per cent year-on-year increase. However, due to escalating geopolitical tensions, particularly in the Indo-Pacific region and along India's borders with China and Pakistan, the brokerage firm projects the budget to rise by ~10 per cent YoY in FY27F, reaching around ~₹7.49 trillion. Meanwhile, the Defence Acquisition Council (DAC), has approved Acceptance of Necessity (AoN) for capital procurement proposals worth ₹1.05 trillion crore. All approvals fall under the 'Buy (Indian–IDDM)' category, ensuring that only domestically designed, developed, and manufactured systems will be procured. About Paras Defence and Space Technologies Paras Defence and Space Technologies is a premier Indian defence engineering company, delivering a comprehensive suite of indigenously designed, developed, and manufactured (IDDM) products and solutions for the defence and space sectors. The company serves marquee clients including DRDO, ISRO, BEL, L&T, Ordnance Factories, and the Ministry of Defence, and exports to countries such as Israel, Europe, the USA, and South Korea.
Business Standard
4 days ago
- 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.
