Latest news with #ParasDefence
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Business Standard
27-05-2025
- Business
- Business Standard
Defence shares extend rally; GRSE, BEML, BDL gain up to 5% in weak market
Price movement of defence stocks today Shares of defence and its related companies were in demand, and rallied up to 5 per cent on the National Stock Exchange (NSE) in Tuesday's intra-day trade in an otherwise weak market. Garden Reach Shipbuilders & Engineers (GRSE), BEML, Bharat Dynamics (BDL), Mazagon Dock Shipbuilders (MDL), Cochin Shipyard, Hindustan Aeronautics (HAL), Apollo Micro Systems, Paras Defence and Space Technologies, Ideaforge Technology and Bharat Electronics were up in the range of 1 per cent to 5 per cent. The Nifty India Defence index hit a fresh 52-week high of 8,674.05 on the NSE in intra-day trade today. At 09:34 AM; Defence index, the top gainer among sectoral indices, was up 1.4 per cent, as compared to 0.70 per cent decline in the Nifty 50. Stock price of BDL, Data Patterns, Paras Defence zoom over 100% from 3-month lows Share prices of BDL, Data Patterns, GRSE and Paras Defence have seen their market price more-than-double and zoom up to 131 per cent from their respective three-month lows. Zen Technologies, Solar Industries, Mishra Dhatu Nigam, Astra Microwave, BEML, MDL, Ideaforge Technologies, HAL, BEL and Cochin Shipyard rallied between 65 per cent to 95 per cent. What's driving rally in defence stocks According to media reports, after Operation Sindoor, India's defence budget may receive an additional allocation of ₹50,000 crore under a supplementary budget. The boost will take overall defence allocation past ₹7 trillion for the financial year 2025–26. In the Union Budget presented on February 1, Finance Minister Nirmala Sitharaman had already earmarked a record ₹6.81 trillion for the armed forces. This marked a significant 9.2 per cent increase from the ₹6.22 trillion allocated in 2024–25. Meanwhile, the country is witnessing rapid import substitution, increased domestic production, and growing exports, leading to an inflow of higher indigenous orders to defence public sector undertakings (PSUs). Defence industry is advancing steadily towards self-reliance driven by government policies, the Defence Research and Development Organisation (DRDO) innovations and global collaborations. The country is witnessing a rapid import substitution, increased domestic production and growing exports. This push towards indigenization is expected to boost the earnings of both public and private defense companies as many defense public sector undertakings (PSUs) are witnessing good order inflows with higher indigenous percentages. With India achieving all its avowed strategic objectives, Operation Sindoor was an unqualified and unequivocal success; a success in which India's growing technological self-reliance played a pivotal role. Sector Outlook AatmaNirbhar Bharat initiative to boost defence manufacturing in India. The government emphasises on creating an environment to boost the AatmaNirbhar Bharat program in the defence sector and create a level-playing field for private players, including MSMEs, according to Mirae Asset Sharekhan. Further, the hike in foreign direct investment (FDI) to 74 per cent through the automatic route would boost investments. This is likely to boost investments in the space, as foreign players in the defence sector would look at setting up joint ventures to establish defence manufacturing bases in India, considering the ample opportunity with the opening up of the defence sector. The government has also established defence corridors in Tamil Nadu and Uttar Pradesh, which have helped reduce the import dependency, the brokerage firm said.
Business Upturn
23-05-2025
- Business
- Business Upturn
Paras Defence and Heven Drones form Joint Venture to manufacture cargo drones in India
By Aman Shukla Published on May 23, 2025, 14:58 IST Paras Defence and Space Technologies Limited has entered into a joint venture agreement with Heven Drones Ltd. of Israel, marking a significant step towards enhancing indigenous drone capabilities in India. This collaboration, formalized through a Joint Venture Agreement dated May 23, 2025, aligns with the Government of India's Make in India initiative, focusing on the development and production of logistics and cargo drones for both defence and civil applications. The new entity, proposed to be named either Paras Heven Advanced Drones Private Limited or Paras Heven Drones Private Limited—subject to approval from the Ministry of Corporate Affairs—will be established as a subsidiary in India. Paras Defence will hold a 51% stake, while Heven Drones will retain 49%. Both companies will nominate two directors each to the board, ensuring joint governance and strategic input from both sides. The venture will initially be capitalized at ₹1,00,000, divided into 10,000 equity shares of ₹10 each. Paras Defence will subscribe to 5,100 shares, amounting to ₹51,000, paid in cash. Heven Drones will subscribe to the remaining 4,900 shares. These transactions are not classified as related party transactions, and no conflicts of interest have been disclosed. This move reflects Paras Defence's continued focus on emerging technologies in the aerospace and defence sector. With the Indian government placing increased emphasis on domestic manufacturing, this partnership is positioned to contribute to the country's strategic and technological autonomy. The new venture will operate within the defence and logistics industry, targeting the growing demand for drone-based solutions in both military and civilian markets. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Khaleej Times
22-05-2025
- Business
- Khaleej Times
India's defence startups show strong promise in homegrown tech
During India's recent Operation Sindoor, few realised that some of the high-tech equipment they used came from homegrown startups. From Bharat Dynamics' missile systems to Solar Industries' loitering munitions and Paras Defence's electronics and drone components, Indian-built platforms played a decisive role. ideaForge's SWITCH UAV and NETRA V2, already in use by the armed forces, were joined by Alpha Design's SkyStriker and NewSpace Research's drone swarms showcasing India's growing capability in next-gen warfare. It was a turning point in India's defence story: a bold declaration that the future of warfare in India is being engineered in labs within the country. A wave of ambitious startups, powered by government-backed initiatives and innovation incentives, is clearly redefining India's defence ecosystem. From drones and AI-powered surveillance to lightweight ballistic gear, these companies are helping India reduce its import dependence, and in some cases, outpacing traditional suppliers in speed, cost, and customisation. These startups are not just plugging critical defence gaps; they're redefining the very concept of strategic preparedness. Once seen as supporting players, companies like Tata Advanced Systems (TAS), Paras Defence & Space Technologies, and IG Drones, among others, are now at the forefront of India's military modernization. TAS, for instance, is partnering with Airbus to manufacture the C-295 military transport aircraft at India's first private aircraft plant in Vadodara. Beyond frontline deployments, the Drone Federation of India with over 550 companies and 5,500 pilots, is steering India toward its goal of becoming a global drone hub by 2030. IG Drones provides R&D, manufacturing, and field services to both the military and government agencies, exemplifying how private players are powering this transformation. The government's proactive policies have been instrumental in nurturing this ecosystem. The Innovations for Defence Excellence (iDEX) initiative, launched in 2018, aims to foster innovation by providing financial support to startups and MSMEs. As of February 2025, the Ministry of Defence has cleared procurement of 43 items worth over Rs2.4 billion from iDEX-supported entities, reflecting a significant commitment to indigenous solutions. Over 1,000 defence tech startups have sprouted across the country, propelled by government initiatives like iDEX and strategic partnerships with the Defence Research and Development Organisation (DRDO). These startups are at the forefront of developing cutting-edge technologies, ranging from autonomous drones to advanced missile systems. Furthermore, the Defence India Start-up Challenges (DISC) under iDEX have presented numerous opportunities for startups to address specific defence needs. The 13th edition, launched in October 2024, featured seven challenges from the Indian Army, Navy, and Air Force, encouraging startups to develop innovative solutions. India's defence exports have witnessed a meteoric rise, too, reaching an all-time high of Rs236.22 billion in FY 2024-25, a 34-fold increase over the past decade. This surge is indicative of the global recognition of India's defence capabilities and the quality of its indigenous technologies. States like Uttar Pradesh are becoming pivotal in this growth story. The Uttar Pradesh Defence Industrial Corridor has attracted investments worth Rs284.75 billion, with significant developments like the inauguration of a BrahMos missile manufacturing unit in Lucknow. India's defence startup ecosystem symbolizes the nation's resolve to achieve strategic autonomy and technological self-reliance. With continued policy support, investment, and a focus on innovation, these startups are poised to not only bolster national security but also establish India as a global hub for defence technology.
Mint
21-05-2025
- Business
- Mint
ideaForge to Zen Tech: Drone stocks rise up to 50% after Operation Sindoor on order win hopes amid India-Pak conflict
Drone stocks in focus: Indian drone companies, including Zen Technologies, ideaForge Technology, DroneAcharya Aerial Innovations, Hindustan Aeronautics, Paras Defence and Solar Industries, have seen a massive surge in their share values in recent sessions. This rally has been driven by heightened demand on Dalal Street following the launch of 'Operation Sindoor' on May 7, in retaliation for the April 22 Pahalgam attack in Indian-administered Kashmir. The ongoing mission demonstrated the strength of India's indigenously developed defence and drone systems, which not only destroyed key air bases across the border, but also successfully intercepted drones and missiles launched by Pakistan. In the new age of warfare, drones are increasingly being used by military-focused nations, including India, for border surveillance and intelligence gathering. Incidents such as the 2019 Pulwama attack and India's subsequent airstrike in Balakot have further highlighted the growing role of drones in surveillance and precision operations. The latest tensions between India and Pakistan have once again underscored the importance of drone and counter-drone technologies. Market participants believe that demand for drones will continue to strengthen in the coming years amid India's efforts to strengthen its borders. The demand for unmanned aerial vehicles (UAVs), autonomous ground vehicles, and unmanned underwater vehicles (UUVs) has accelerated in recent years, driven by their cost-effectiveness and reduced risk to human personnel. The Indian government has strengthened its defence capabilities through domestic manufacturing, creating unprecedented opportunities for both domestic players and foreign investors, and positioning India as an emerging hub for defence manufacturing. Amid heightening geopolitical tensions, there are growing expectations that the Indian government will increase its defence spending—particularly in drone technologies—prompting investors to rapidly add drone stocks to their portfolios. This has resulted in gains of up to 50% in drone-related stocks in less than two weeks. Amid rising demand for drone stocks following May 7, IdeaForge Technology has led the rally, with its share price surging by 50%—rising from ₹ 362 to ₹ 546 apiece. DroneAcharya Aerial Innovations, a recent entrant on Dalal Street, has also seen a sharp rebound, gaining 41% since May 7. This rally brought much-needed relief for the stock, which had been under pressure for four consecutive months between January and April, during which it lost 46% of its value. Stock Name Returns since May 07 ideaForge Technology 50% DroneAcharya Aerial Innovations 41% Zen Technologies 37% RattanIndia Enterprises 17% Paras Defence 16% HAL 10% Solar Industries 6% Source: Trendlyne Zen Technologies has also delivered impressive returns, with its share price jumping 37% from ₹ 1,361 to ₹ 1,865 apiece. Meanwhile, Paras Defence shares have registered an uptick of 16% over the same period, as investor interest in drone-related counters continues to strengthen. While other stocks inlcudues Solar Industries and Hindustan Aeronautics have also gained up to 10% since May 07. 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.
New Indian Express
20-05-2025
- Business
- New Indian Express
Opinion: Defence stocks surge as India eyes bigger share of global arms market
Choice of defence stocks India's major defence stocks, viz. Cochin Shipyard, Paras Defence, Mazagon Dock Shipbuilders, Bharat Dynamics, Bharat Electronics and Hindustan Aeronautics are likely to do well. But the rise in these stocks will be a function of various factors. Hence, it's difficult to quantify the rise in these scrips. Where do we go from here? Considered in a proper historical and comparative perspective, India's defence exports zoomed 34-fold from just Rs. 686 crore in 2013–14 to Rs. 23,622 crore in 2024–25. Shri Rajnath Singh, India's Defence Minister stressed that this extraordinary rise demonstrates the growing strength of India's defence sector, fuelled by the vision of 'Atmanirbhar Bharat' (self-reliant India) and strategic policy interventions, such as the Make in India initiative and Production-Linked Incentive (PLI) schemes. These contextually significant initiatives have attempted to enhance the global competitiveness of Indian manufacturers, boost exports, attract foreign investments, and reduce dependency on imports. Consequently, surging defence production led to hefty returns for investors in public sector undertakings (PSUs) engaged in defence manufacturing. With the establishment of multiple defence hubs and increased collaboration with global players, India's defence and aerospace ecosystem is also expanding rapidly. The Ministry of Defence (MoD) revealed that India exported a wide array of defence items, including ammunition, weapons, systems/subsystems, and components—to nearly 80 countries in FY 25. In a concerted attempt to consolidate India's footprint in the global defence market and raise the bar, the government has now set an ambitious target of achieving annual defence exports of Rs.50,000 crore by 2029. The Nifty India Defence Index has surged by over 30% in the past three months, reflecting rising investor confidence strengthened by the effective performance of indigenously developed defence systems. The strategic and commercial value of self-reliance in defence manufacturing is self-evident and, therefore, India is certain to go full steam ahead in this crucial area. Transforming ground realities, changing equations Global defence purchase of arms and ammunition is a huge and growing market. With India's weaponry acquiring a 'critical mass', we see greater collaboration in defence production between Russia, France, Israel and India as partners in development because of a confluence and convergence of these countries' strategic, economic and defence interests. It has been held, and justifiably so, that India is all set to garner a larger share of the global arms market in conformity with its rising economic ascendancy, technological development and knowledge of the ecosystem of weapons. (The author is Chief Economist, Infomerics Ratings. The views are personal)
