Latest news with #HevenDronesIsrael
Mint
19-05-2025
- Business
- Mint
From ₹800 to ₹1,943: This small-cap defence stock fires up 142% in just 27 trading sessions. Do you hold it?
Paras Defence stock in focus today: Paras Defence and Space Technologies share price extended its winning streak to the fifth consecutive day on Monday, May 19, surging another 8% to hit a new all-time high of ₹ 1,943.60 apiece, as demand for defence stocks remained strong on Dalal Street, even as the Indian stock market consolidated in a tight range. The sustained rally has led to a 32% gain for the stock so far in May. This uptrend was triggered by escalating geopolitical tensions between India and Pakistan and was further supported by a sharp rebound in March and April, following an earlier market correction. The stock closed April and March with gains of 42.5% and 10%, respectively. Notably, after hitting a 52-week low of ₹ 802 on April 7, the stock maintained a steady upward trend without any notable pullback, gaining 142% to date. To put this into perspective, the stock achieved this feat in just 27 trading sessions. India conducted strikes on terror camps in Pakistan and Pakistan-occupied Kashmir (PoK) on May 7. Dubbed 'Operation Sindoor,' the mission showcased the strength of India's indigenously developed defence systems, which not only destroyed key air bases across the border but also successfully intercepted drones and missiles launched by Pakistan. Investor sentiment towards defence stocks strengthened further after Prime Minister Narendra Modi reiterated the government's commitment to promoting indigenous defence production under the Make in India initiative. Optimism also rose following reports that over a dozen countries have expressed interest in acquiring the BrahMos missile system after 'Operation Sindoor.' Rising tensions have also sparked expectations that the Indian government may allocate additional funds to the defence sector, beyond what was announced in the Union Budget 2025–26. In addition to the strong spike in demand for defence counters, the stock's recent partnerships and strong performance in the March quarter have also made it one of the preferred defence picks among investors. On May 5, the company announced a strategic joint venture with HevenDrones Israel, an independent subsidiary of Heven—a US-based global company. The JV will establish a new entity in India to design, manufacture, and supply next-generation drone systems tailored for India's defence and homeland security landscape, with long-term plans to expand into global markets. For the quarter ended March, the company reported a 110% year-on-year jump in consolidated net profit to ₹ 21 crore, while revenue from operations rose 35% YoY to ₹ 108 crore. Meanwhile, the company's board approved a stock split of one equity share into two equity shares. The record date for the split will be decided after obtaining shareholder approval through a postal ballot and electronic voting process. Paras Defence and Space Technologies is the country's leading defence engineering company, delivering a comprehensive suite of indigenously designed, developed, and manufactured (IDDM) products and solutions for the defence and space sectors. It operates across two core verticals: Optics & Optronic Systems and Defence Engineering, which includes defence electronics, electromagnetic pulse (EMP) protection solutions, and heavy engineering. According to a recent regulatory filing, Paras is the only Indian company developing and manufacturing optronic periscopes for submarine applications in the Asia-Pacific region. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
News18
06-05-2025
- Business
- News18
After 1:2 Split & Dividend, SmallCap Defence Stock Now Announces JV With Israel Firm
Last Updated: Smallcap Defence stock partnered with HevenDrones Israel to create drone systems for India's defense. Earlier, It announced a stock split and final dividend for FY25. Paras Defence Share Price: Paras Defence and Space Technologies Ltd has joined hands with HevenDrones Israel, an independent subsidiary of Heven – a US-based global company that is recognized for its autonomous, hydrogen-powered and mission-specific drones. The JV will establish a new entity in India to design, manufacture and supply next-generation drone systems tailored for India's defence and homeland security landscape, with long-term plans to address global markets. On Tuesday, shares of Paras Defence and Space Technologies Ltd traded in red intraday at noon to Rs 1369.15 per share. The scrip opened at Rs 1391.10 apiece, against the previous day close at Rs 1375.70 apiece. Paras Defence and Space Technologies Ltd has a market cap of Rs 5,529 crore as of May 06, and is part of BSE Smallcap. Paras Defence Share Up 50% In One Month Investors showed a strong interest on Paras Defence and Space Technologies Ltd's shares in the past week before and on the announcement of stock split. The stock price climbed from Rs 1,045.10 apiece to Rs 1,373 apiece between April 25 to April 30, reflecting a strong buying push by investors. Paras Defence Stock Split 2025 Paras Defence and Space Technologies announced a stock split of existing 1 (one) equity share of face value of Rs 10 each into 2 (two) equity shares of face value of Rs 5 each, subject to shareholders' approval. The record date for the purpose of above sub-division/split of equity shares will be decided after obtaining approval for sub-division/split from the shareholders through postal ballot electronic voting process and will be intimated in due course. Paras Defence Final Dividend 2025 Paras Defence and Space Technologies recommended the payment of final dividend of Rs 0.50 per equity share of Rs 5 each for the financial year 2024-25 (post the completion of the sub-division/split of equity shares). First Published: May 06, 2025, 12:47 IST
