Latest news with #ParasDefenceandSpaceTechnologies
Economic Times
21-05-2025
- Business
- Economic Times
Will drone stocks continue to soar after recent military conflict?
Shami said the outlook from a valuation perspective is not exciting any more since drone stocks are trading in a high P/E range. Since the Pahalgam attack on April 22, Paras Defence and Space Technologies, Ideaforge Technology and Zen Technologies have soared 30-50%, amid a broader euphoria among defence-related stocks. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Drone makers have caught the fancy of Dalal Street punters, spurred by the extensive use of these aerial systems in the recent India-Pakistan conflict. Shares of companies that make drones, such as Hindustan Aeronautics Ideaforge Technology and Zen Technologies , have jumped as much as 50% since May 7 - the day India launched its military response, dubbed Operation Sindoor , in response to a terrorist attack at Pahalgam on April 22."Some stocks in the listed space are directly engaged in defence related drone manufacturing which are likely to be the biggest beneficiaries; however, others have moved up largely due to the sentimental push," said Bhalchandra Shinde, associate fund manager, Motilal Oswal the Pahalgam attack on April 22, Paras Defence and Space Technologies, Ideaforge Technology and Zen Technologies have soared 30-50%, amid a broader euphoria among defence-related Baliga, a Mumbai-based independent analyst, said the momentum is strong in drone stocks and can move 15-20% higher from the current Operation Sindoor, drones were used for surveillance and combat. Investors expect the government to spend more over the next five years to boost the use of drones. According to Grand View Research, the India military drone market generated a revenue of $1,527.1 million in 2024 and is expected to reach $4,082.1 million by 2030. The domestic market is expected to grow at 17.9% on a compounded basis from 2025 to 2030, it the steady growth estimates, fund managers and analysts advise caution while riding the bullish momentum in these stocks, as recent gains have already baked in expectations of increased orders for drones in the near future."Drone usage has come to the fore in the recent conflict and government focus is expected to remain on the companies which could lead to expansion in order books however, these positive are significantly priced in the stocks already," said Ashwini Shami, EVP & Portfolio Manager, OmniScience said the outlook from a valuation perspective is not exciting any more since drone stocks are trading in a high P/E names within the segment such as Hindustan Aeronautics and Bharat Electronics are preferred picks given the stronger moat and larger order books and are reasonably valued relative to the other peers, said Shami. The Nifty India Defence Index jumped 17.9% and 15.4% since the Pahalgam attack and Operation Sindoor, respectively, while benchmark Nifty has moved 2.1% and 1.1% higher in the same period.
Time of India
21-05-2025
- Business
- Time of India
Will drone stocks continue to soar after recent military conflict?
Mumbai: Drone makers have caught the fancy of Dalal Street punters, spurred by the extensive use of these aerial systems in the recent India-Pakistan conflict. Shares of companies that make drones, such as Hindustan Aeronautics , Bharat Electronics , Paras Defence and Space Technologies , Ideaforge Technology and Zen Technologies , have jumped as much as 50% since May 7 - the day India launched its military response, dubbed Operation Sindoor , in response to a terrorist attack at Pahalgam on April 22. "Some stocks in the listed space are directly engaged in defence related drone manufacturing which are likely to be the biggest beneficiaries; however, others have moved up largely due to the sentimental push," said Bhalchandra Shinde, associate fund manager, Motilal Oswal AMC. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cara Membantu Orang Terkasih Menghadapi Limfoma Limfoma Pelajari Undo Since the Pahalgam attack on April 22, Paras Defence and Space Technologies, Ideaforge Technology and Zen Technologies have soared 30-50%, amid a broader euphoria among defence-related stocks. Ambareesh Baliga, a Mumbai-based independent analyst, said the momentum is strong in drone stocks and can move 15-20% higher from the current levels. In Operation Sindoor, drones were used for surveillance and combat. Investors expect the government to spend more over the next five years to boost the use of drones. According to Grand View Research, the India military drone market generated a revenue of $1,527.1 million in 2024 and is expected to reach $4,082.1 million by 2030. The domestic market is expected to grow at 17.9% on a compounded basis from 2025 to 2030, it said. Live Events Agencies Albeit the steady growth estimates, fund managers and analysts advise caution while riding the bullish momentum in these stocks, as recent gains have already baked in expectations of increased orders for drones in the near future. "Drone usage has come to the fore in the recent conflict and government focus is expected to remain on the companies which could lead to expansion in order books however, these positive are significantly priced in the stocks already," said Ashwini Shami, EVP & Portfolio Manager, OmniScience Capital. Shami said the outlook from a valuation perspective is not exciting any more since drone stocks are trading in a high P/E range. PSU names within the segment such as Hindustan Aeronautics and Bharat Electronics are preferred picks given the stronger moat and larger order books and are reasonably valued relative to the other peers, said Shami. The Nifty India Defence Index jumped 17.9% and 15.4% since the Pahalgam attack and Operation Sindoor, respectively, while benchmark Nifty has moved 2.1% and 1.1% higher in the same period.
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.
Business Upturn
17-05-2025
- Business
- Business Upturn
Paras Defence shares surge 28% this week after Operation Sindoor success
By Aman Shukla Published on May 17, 2025, 10:00 IST Shares of Paras Defence Industries Limited recorded a significant increase of 28% during the week following the launch of India's Operation Sindoor on May 7, 2025. Operation Sindoor targeted terror camps located in Pakistan and Pakistan-occupied Jammu and Kashmir as a response to the Pahalgam terror attack on April 22, 2025, which resulted in 26 casualties. The operation drew attention to the performance of Indian defence equipment used during the action. On Fridany, Paras Defence shares closed at ₹1,817.40, hitting their 52-week high. The stock opened at ₹1,530.00, climbed to a high of ₹1,817.40, and recorded a low of ₹1,515.30 during the trading session. This marks a significant rally from its 52-week low of ₹715.05, reflecting strong investor confidence. Paras Defence Q4 results Paras Defence and Space Technologies reported a 31% YoY rise in Q4 net profit to ₹19.64 crore, driven by strong operations and higher revenue. Revenue from operations grew 36% to ₹108.23 crore. Pre-tax profit more than doubled to ₹26.71 crore. For FY25, revenue was ₹364.66 crore with a net profit of ₹61.49 crore, reflecting robust demand and execution. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. 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
Hans India
17-05-2025
- Business
- Hans India
Defence stocks hog limelight Paras Defence zooms 19%
New Delhi: Shares of defence-related firms, including those of drone manufacturers, makers of missiles and allied equipment, surged on Friday in continuation to their ongoing winning run. The stock of Paras Defence and Space Technologies zoomed 18.90 per cent, Data Patterns rallied 9.25 per cent, Astra Microwave Products surged 7.10 per cent, Hindustan Aeronautics jumped 5.40 per cent, Mishra Dhatu Nigam soared 4.63 per cent, Bharat Electronics climbed 3.87 per cent and Bharat Dynamics went up by 1.95 per cent on the BSE. Shares of drone manufacturer Droneacharya Aerial Innovations climbed 2 per cent. In the equity market, the 30-share BSE Sensex declined 200.15 points or 0.24 per cent to settle at 82,330.59. The NSE Nifty dropped 42.30 points or 0.17 per cent to 25,019.80. Defence stocks ended higher on Thursday, Wednesday, Tuesday, Monday, and last Friday as well.
