Latest news with #ParasDefence
&w=3840&q=100)
Business Standard
8 hours ago
- Business
- Business Standard
Defence stocks under pressure: Data Patterns, MDL down up to 8%; here's why
Nifty India Defence Index today: Shares of defence companies, public as well as private, are under pressure, with Nifty India Defence index falling 2 per cent on the National Stock Exchange (NSE) in Friday's intraday trade. At 11:41 AM, Defence index was the top loser among indices, as compared to 0.70 per cent decline in the Nifty50. Nifty Defence index has corrected 17 per cent from its all-time high level of 9,195.15 touched on June 6, 2025. Data Patterns (India), Mazagon Dock Shipbuilders, Paras Defence and Space Technologies, Bharat Dynamic (BDL), Garden Reach Shipbuilders & Engineers (GRSE), Hindustan Aeronautics (HAL), ZEN Technologies, Cochin Shipyard and Bharat Electronics (BEL) were down in the range 1 per cent to 8 per cent on the NSE. Why are defence stocks under pressure today? Defence companies like Data Pattern (India), Paras Defence and Zen Technologies have reported a disappointing earnings for the quarter ended June 2025r (Q1FY26). Shares of Data Patterns slipped 8 per cent to ₹2,362.30 on the BSE in intra-day trade. The company's revenue decreased by 4.6 per cent year-on-year (Y-o-Y) (down 74.9 per cent quarter-on-quarter (Q-o-Q)) to ₹99.3 crore, primarily due to temporary delays in execution. Ebitda margin was at 32.3 per cent, down 343 bps Y-o-Y and 543 bps Q-o-Q, mainly on account of higher employee cost. Profit after tax decreased 22.2 per cent Y-o-Y to ₹25.5 crore. While revenue for the quarter was modest, primarily due to temporary delays in customer approvals, these are expected to normalise in the coming quarters, the management saying they remain confident of delivering their year's targets. According to ICICI Securities, overall performance during the quarter was impacted due to delays in execution. However, the management expects these to normalise in the coming quarters. Order inflows remain healthy during the quarter at ₹183.5 crore (led by Brahmos service contracts). Order backlog stands at ₹1079 crore including orders under negotiations (1.5x TTM revenue). The management remains confident of healthy order inflows and achieving a revenue growth of 20-25 per cent with Ebitda margins at around 35-40 per cent in FY26E. The brokerage firm believes that pick-up in execution and order inflows would be the key things to watch-out for in the coming quarters. Meanwhile, Zen Technologies management had said Q1FY26 results reflect moderation in topline growth. They believe this is a temporary adjustment phase with a much stronger long term growth trajectory. Defence sector outlook, risks The Indian Aerospace & Defence (A&D) industry is experiencing major growth, largely driven by various government initiatives aimed at promoting self-reliance and enhancing domestic capabilities. The 'Make in India' and 'Atmanirbhar Bharat' initiatives have been pivotal in encouraging local manufacturing and reducing dependency on imports. These programmes have led to the development and induction of indigenous platforms such as the Tejas Mk1A fighter and advancements in the LCA Mk2 & Advanced Medium Combat Aircraft (AMCA) programme. The government's focus on public-private partnerships has also fostered innovation and expanded the industry's capabilities. Moving forward, the Indian A&D sector is expected to continue its upward trajectory, with a strong emphasis on self-reliance, technological advancement, and strategic collaborations to bolster national security and economic growth, HAL said in its FY25 annual report. The major risks and concerns for the company are dependence on foreign Original Equipment Manufacturers (OEMs) for supply of critical components and spares; dependence on limited customers for new contracts and competition from domestic and foreign players. Key risks for the defence sector companies include a decline or reprioritisation of the Indian defense budget, termination of existing contracts or failure to succeed in tendering projects, changes in procurement rules and regulations of the Ministry of Defence (MoD) and the government, and supply-chain-related issues.
Economic Times
28-07-2025
- Business
- Economic Times
Paras Defence shares plunge 13% in 2 days on lackluster Q1 earnings
Shares of Paras Defence and Space Technologies fell 10% on Monday, hitting a low of Rs 704.70 on the NSE, and extending their losses to over 13% in two sessions. The decline follows a 25% drop in the company's consolidated net profit for Q1, which came in at Rs 15 crore compared to Rs 20 crore in the same period last year. The reported profit is attributable to the company's owners. ADVERTISEMENT The earnings were announced during market hours on Friday. The revenue from operations fell 14% to Rs 93 crore in the quarter under review versus Rs 108 crore in the corresponding quarter of the last financial year. On a year-on-year basis, the profit after tax (PAT) stood flat while the revenue was 11% higher against Rs 854 crore reported in Defence's expenses stood at Rs 76 crore in the reported quarter versus Rs 86 crore in Q4FY24 and Rs 65 crore in the year-ago period. The expenses were made under the heads like 'Cost of Materials Consumed', finance cost and for employee benefits. Paras Defence offers a wide range of products and solutions for defence and space applications. It has two verticals, namely Optics & Optronic Systems & Defence Engineering, comprising defence electronics, EMP protection solutions, and heavy engineering. ADVERTISEMENT Paras Defence shares have had a great run in 2025 so far, and its year-to-date returns stand at 40% after accounting for today's sharp decline. On a 1-year basis, the returns stand at 6%. The stock is currently trading below its 50-day simple moving average of Rs 818 while above its 200 SMA of Rs 596, according to Trendlyne data. The counter has traded with high volatility, recording a 1-year beta of 1.1. ADVERTISEMENT Paras Defence has informed the exchanges regarding its 16th Annual General Meeting, which will be held on August 21, 2025, at 12:30 p.m. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
28-07-2025
- Business
- Time of India
Paras Defence shares plunge 13% in 2 days on lackluster Q1 earnings
Shares of Paras Defence and Space Technologies fell 10% on Monday, hitting a low of Rs 704.70 on the NSE, and extending their losses to over 13% in two sessions. The decline follows a 25% drop in the company's consolidated net profit for Q1, which came in at Rs 15 crore compared to Rs 20 crore in the same period last year. The reported profit is attributable to the company's owners. The earnings were announced during market hours on Friday. Explore courses from Top Institutes in Please select course: Select a Course Category Technology Healthcare Digital Marketing Finance CXO Leadership healthcare MCA Management Degree Operations Management Others Data Science PGDM Product Management MBA Project Management Data Science Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo The revenue from operations fell 14% to Rs 93 crore in the quarter under review versus Rs 108 crore in the corresponding quarter of the last financial year. On a year-on-year basis, the profit after tax (PAT) stood flat while the revenue was 11% higher against Rs 854 crore reported in Q1FY25. Paras Defence's expenses stood at Rs 76 crore in the reported quarter versus Rs 86 crore in Q4FY24 and Rs 65 crore in the year-ago period. The expenses were made under the heads like 'Cost of Materials Consumed', finance cost and for employee benefits. Live Events Paras Defence offers a wide range of products and solutions for defence and space applications. It has two verticals, namely Optics & Optronic Systems & Defence Engineering, comprising defence electronics, EMP protection solutions, and heavy engineering. Paras Defence shares have had a great run in 2025 so far, and its year-to-date returns stand at 40% after accounting for today's sharp decline. On a 1-year basis, the returns stand at 6%. The stock is currently trading below its 50-day simple moving average of Rs 818 while above its 200 SMA of Rs 596, according to Trendlyne data. The counter has traded with high volatility, recording a 1-year beta of 1.1. Paras Defence has informed the exchanges regarding its 16th Annual General Meeting, which will be held on August 21, 2025, at 12:30 p.m. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
10-07-2025
- Business
- Economic Times
Defence stocks retreat after up to 84% rally in 3 months. Is it time to book profits or hold?
Defence stocks have risen on account of global geopolitical tensions, including at the Indian doorstep with near near-warlike situation with rival Pakistan India's defence stocks retreated on Thursday after a sharp three-month rally, with Bharat Dynamics falling the most. The Nifty India Defence Index dropped over 2% amid profit booking and valuation concerns. Analysts, however, see robust long-term growth prospects driven by strong order inflows post-Operation Sindoor. Tired of too many ads? Remove Ads Bull rally Tired of too many ads? Remove Ads Defence stocks outlook India's defence pack was under pressure on Thursday with stocks falling by up to 5% in the day's trade amid weak market sentiments and profit booking by investors. The decline follows a strong rally over the past three months with stocks rallying as much as 84%.The biggest loser of the day was Bharat Dynamics Limited , which fell to the day's low of Rs 1,887.60 on the NSE. The trigger was Motilal Oswal Financial Services (MOFSL) initiating coverage on BDL stock with a 'Neutral' rating and a target price of Rs 1,900, about 4% below its current market value, cautioning that the stock's sharp run-up leaves little room for near-term other top losers were Garden Reach Shipbuilders (GRSE), Solar Industries Zen Technologies , Data Patterns (India), Hindustan Aeronautics (HAL), Paras Defence and Space Technologies Unimech Aerospace and Manufacturing and Dynamatic Technologies , whose share prices slipped between 3.4% and 0.4%.The Nifty India Defence Index was down by over 2% around 1:30 pm. Defence stocks have had a strong run on the D-Street for the past three months. The Nifty India defence index has appreciated by over 42% with all 18 stocks riding on the PSU GRSE is the top gainer with 84% returns and is followed by Data Patterns and Paras Defence which have yielded 81% and 79% returns, respectively in the same rest of the stocks have also given double-digit returns. Cyient, MTAR and HAL are at the bottom of the ladder with returns of 15%, 21% and 22%, stocks have risen on account of global geopolitical tensions, including at the Indian doorstep with near near-warlike situation with rival Pakistan, as India vowed to take a deterrent step against terrorist installations following the Pahalgam positive sentiments also rode on the overall recovery in the domestic stock markets as US President Donald Trump deferred the tariffs to a three-month period. This enabled a recovery in the domestic markets as Nift and BSE Sensex gained over 12% and 13% in the said relative calm, the premium on defence stocks have come down. The recent correction has extended 1-month fall to near 4% at the index defence stocks are known to move faster, valuation concerns remain a constant concern for the recent correction, domestic brokerage ICICI Securities projects a strong growth trajectory for the domestic companies in FY26, stating that most of the companies under its coverage have guided for >15% revenue growth, driven by robust order inflow after Operation a report, this brokerage highlighted select names such as Bharat Dynamic Ltd (BDL), Solar Industries and Azad Engineering to likely post even higher growth in the range of 25–30%, the brokerage highlighted in its June defence sector Securities has also named its top stock picks in the sector, listing Solar Industries, Astra Microwave and Azad Engineering as its top picks in the private space. Among defence public sector undertakings (DPSUs), it prefers Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL) and Midhani.
Economic Times
07-07-2025
- Business
- Economic Times
Paras Defence shares fall 6% as post-split rally stalls
Paras Defence and Space Technologies' shares declined 6.1% on Monday due to profit booking after a recent rally triggered by a 1:2 stock split. Despite the dip, the stock remains above key moving averages, indicating underlying strength. However, an overbought RSI suggests a potential near-term pullback, even as the stock has shown strong gains over the past year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Paras Defence and Space Technologies fell as much as 6.1% on Monday to Rs 876.55 on the BSE , as investors booked profits following last week's sharp rally triggered by the company's 1:2 stock split The stock, which had surged over 8% on Friday post-adjustment, saw a reversal in sentiment even as underlying technical indicators continued to show strength. The decline comes despite bullish cues, with the stock still trading above all eight key simple moving averages (SMAs) — from the 5-day to the 200-day — and the Moving Average Convergence Divergence (MACD) remaining above both the center and signal rally followed the company's stock split becoming effective on July 4, which was also the record date for the sub-division. The split, changing the face value from Rs 10 to Rs 5 per share, had been approved by shareholders via postal ballot on June 7, 2025, as disclosed in a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 42).However, with the Relative Strength Index (RSI) at 70.7 — a level considered overbought — a near-term pullback remains likely. Paras Defence shares continue to show strong performance over broader timeframes. The stock is up 14.4% over the past year and has surged 82.4% in the last six months. In the past three months alone, it has gained 79%, including a 7% rise over the past month. Paras Defence 's market capitalisation currently stands at Rs 7,442.64 crore.
