Latest news with #SharadVirjiShah
Entrepreneur
4 days ago
- Business
- Entrepreneur
The Swadeshi Technocrat
"You have to always increase the value that you offer to your customers, and as an Indian manufacturer, this can be achieved by investing in technology development and import substitution," says Munjal Sharad Shah, Managing Director, Paras Defence & Space Technologies You're reading Entrepreneur India, an international franchise of Entrepreneur Media. It was the summer of 1997 when Munjal Shah decided to join his father, Sharad Virji Shah, in their small-scale engineering company, which specialised in providing import substitution of critical engineering components. Cut to 2025: The modest enterprise has evolved into one of the country's leading players in Defence & Space Engineering, with a market capitalisation of over INR 6,400 crore. The father-son duo has proven their track record over the past 40+ years, developing technologies for rockets and missiles, space and space research, naval systems, land and armoured vehicles, electronic warfare and surveillance, and electromagnetic shielding with Paras Defence & Space Technologies (formerly Paras Flow Form Engineering Limited). For Munjal, the country's defence sector commands a long-term commitment to indigenous development, requiring significant research and development. "In areas where technology development from scratch might take longer than the need of the situation, we partner with the OEMs of such advanced technologies and serve the customer with world-class technologies, made in India with very high indigenous content," shares Munjal Sharad Shah, Managing Director, Paras Defence & Space Technologies. Research and innovation are deeply embedded across the company, leading Paras to offer 50+ products such as submarine periscopes, hyper-spectral imaging systems for space, ground-to-space and space-to-space telescopes, border defence systems, critical electro-optics systems for various platforms, laser-based air defence systems, drone detection and jamming systems, anti-drone technologies, electromagnetic protection solutions, hydrogen-powered drones, and drone cameras. When asked about his biggest entrepreneurial learning to date, Shah strongly emphasises the value offered to customers. "You have to always increase the value that you offer to your customers, and as an Indian manufacturer, this can be achieved by investing in technology development (innovation and R&D) and import substitution," he notes. In 2025 so far, the company has bagged an INR 142.31 crore contract from DRDO arm CHESS to develop a high powered anti-drone laser system; signed an MoU with Israel-based HevenDrones to establish a joint venture for manufacturing logistics and cargo drones in the country.
News18
20-05-2025
- Business
- News18
Defence Stocks Extend Selloff Led By Shipyard Firms, Paras Defence Sinks 5% On Stake Sale
Last Updated: Defence-related stocks witnessed a significant decline on May 20, marking their second straight session of losses; What should investors do? Defence Stocks Decline: Defence-related stocks witnessed a significant decline on May 20, marking their second straight session of losses. The pullback came as investors booked profits after a sharp rally driven by optimism surrounding fresh defence orders and the success of Operation Sindoor. Shipyard and Defence Firm Stocks See Sharp Declines Shares of Cochin Shipyard, ideaForge Technology, Garden Reach Shipbuilders & Engineers (GRSE), and other defence-linked firms fell sharply on Tuesday. Cochin Shipyard dropped as much as 6.9% to Rs 1,847.60 on the BSE, while ideaForge lost 6.1% to Rs 536.25. GRSE declined 5.1% to Rs 2,356.05, and Mazagon Dock Shipbuilders shed 3.1% to Rs 3,303.20. These losses came on the heels of a weak session on Monday, when stocks like Cochin Shipyard, Mazagon Dock, GRSE, and Hindustan Aeronautics Ltd (HAL) had already retreated up to 4%. Rally Loses Steam After Record Gains Last week's massive surge had been fuelled by investor enthusiasm for India's expanding defence production and export prospects. Between May 9 and 17, Cochin Shipyard and GRSE jumped 41% and 40% respectively, while ideaForge soared 56%. HAL also rose 16% over the same period. However, the current correction suggests that valuations may have run ahead of fundamentals, prompting traders to lock in gains. Paras Defence Slumps After Promoter Stake Sale Paras Defence & Space Technologies fell nearly 5% after its promoters offloaded a 3.3% stake in the company through bulk deals. This comes after the stock had rallied around 55% over the past month. As per NSE data, promoter Sharad Virji Shah sold 9 lakh shares at Rs 1,682.87 apiece. Anish Mehta and Kaajal Harsh Bhansali each sold 2.17 lakh shares at Rs 1,664.62 and Rs 1,662.62, respectively. In total, the promoters sold 13.34 lakh shares. Promoters held a 57.05% stake in the company as of March 2025, with the remaining 42.95% owned by public shareholders. Operation Sindoor Sparked the Surge The recent rally had been driven by the Indian military's showcase of domestic missile and drone technology under 'Operation Sindoor." Between May 9 and 17, the sector added around ₹1.8 lakh crore in market capitalisation, on hopes of large upcoming defence contracts. Antique Stock Broking said it expects significant orders in FY26–27, including six submarines under Project 75(I), three Kalvari-class submarines, P-17B frigates, next-gen corvettes, and smaller naval vessels. Caution on Valuations, But Long-Term Outlook Positive Despite the near-term volatility, analysts remain optimistic about the long-term prospects of the defence sector. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, cautioned investors about rich valuations, stating, 'Even though the sector has strong medium-to-long-term potential, some profit booking is justified given the recent surge." Antique Stock Broking projects that the combined order books of Cochin Shipyard, GRSE, and Mazagon Dock could more than triple by FY27. The brokerage maintains a 'buy' rating on GRSE and Mazagon Dock, while assigning a 'hold' rating to Cochin Shipyard due to uncertainty around the timeline and scale of the proposed Indigenous Aircraft Carrier II (IAC-II) project. 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. First Published: May 20, 2025, 12:19 IST
Mint
20-05-2025
- Business
- Mint
Paras Defence share price falls over 5% after three promoters sell stakes via bulk deals. Do you own?
Paras Defence share price fell as much as 5 per cent in Tuesday's trading session after promoters were seen trimming stakes in the defence manufacturer via bulk deals on Monday. At 9:50 am, Paras Defence stock touched an intraday low to ₹ 1,620.50 on National Stock Exchange (NSE) on May 20. On Monday, three promoters of Paras Defence & Space Technologies Ltd. — Sharad Virji Shah, Anish Hemant Mehta, and Kaajal Harsh Bhansali — offloaded a portion of their holdings through block deals. As per available data, Sharad Virji Shah sold 9 lakh shares at ₹ 1,682.87 each, while Anish Mehta and Kaajal Bhansali each sold 2.17 lakh shares at ₹ 1,664.62 per share. The promoters of the company collectively sold 13.34 lakh shares, which represents 5.8% of their total holdings and 3.3% of the company's total outstanding shares. As of the March quarter, the promoters of Paras Defence held a 57.05% stake in the company. Within this, Sharad Shah owned 18.05%, while both Anish Mehta and Kaajal Bhansali each held a 3.53% stake. The defence manufacturer launched its IPO in September 2021 at an issue price of ₹ 175 per share. On Monday, the stock closed at ₹ 1,707.70, after reaching an all-time high of ₹ 1,943.60 during the day. Indian defence stocks have recently drawn significant attention, especially after Operation Sindoor showcased the country's robust domestic defence manufacturing capabilities. 'The Nifty India Defence Index has surged over 50% since February 2025, recovering from a previous 33% correction, with a 9% gain in May alone. Despite the broad rally, only six stocks have surpassed their previous highs, while others remain below peak levels. The sector is seen as a promising long-term opportunity, backed by rising defence budgets, growing export interest, and sustained policy focus under the Make in India and Atmanirbhar Bharat initiatives,' said Siddharth Bhamre - Head of Research, Asit C Mehta Investment Intermediates Ltd.
Business Upturn
20-05-2025
- Business
- Business Upturn
Defence stocks fall on profit booking; Cochin Shipyard tanks 6%, Paras Defence down 5%, GRSE drops 2.6%, HAL tumbles 2%
By Aditya Bhagchandani Published on May 20, 2025, 10:23 IST India's defence stocks came under pressure in early trade on Tuesday as investors booked profits following a sharp rally seen over the last few weeks. Key stocks like Cochin Shipyard, HAL, and Paras Defence led the decline, with many counters falling over 2% to 6% on the BSE and NSE. Cochin Shipyard dropped over 6% to ₹1,860.30 on the BSE, giving up some of its recent strong gains. The stock had surged nearly 40% over the past month. Shares of Hindustan Aeronautics Ltd (HAL) were also down nearly 2% at ₹4,918.70 despite the company offering an optimistic FY26 outlook. HAL guided for 8–10% sales growth and maintained a strong EBITDA margin of 31%. Brokerage firm Nomura India upgraded HAL's target price by 30% to ₹6,100, citing better earnings visibility and robust order book. Paras Defence and Space Technologies slumped over 5% to ₹1,617.55 amid news that three of its promoters — Sharad Virji Shah, Anish Mehta, and Kaajal Bhansali — offloaded a total of 13.34 lakh shares via bulk deals on Monday. The shares sold represent around 3.3% of the company's total equity and 5.8% of the promoter holding. This move is seen as a case of profit booking, with the stock having doubled from its March 6 closing level of ₹834.95. Other defence counters also saw red: Garden Reach Shipbuilders fell 2.6% Data Patterns slipped 2.5% Mazagon Dock and Bharat Dynamics dropped over 2.4% each IdeaForge Technology was down over 4% The correction comes after a powerful run-up in defence stocks driven by strong quarterly results, record order books, and government emphasis on self-reliance in defence manufacturing. 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. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
News18
20-05-2025
- Business
- News18
Stocks To Watch: Hindalco, RVNL, Waaree, BEL, Power Grid, Swiggy, And Others
Stocks to watch: Shares of firms like Hindalco, RVNL, Waaree, BEL, Power Grid, Swiggy, and others will be in focus on Tuesday's trade Stocks to Watch on May 20, 2025: Indian equity markets began the week on a subdued note, closing slightly lower as investors booked profits following a recent rally. In Tuesday's session, several stocks are likely to be in focus due to earnings announcements, corporate actions, and other key developments. Hindalco Industries, Solar Industries, and Dixon Technologies will be in the spotlight as these companies are scheduled to report their Q4 results today. RVNL Rail Vikas Nigam Ltd (RVNL) has emerged as the lowest bidder for an IRCON International project worth Rs 178.64 crore, which could boost sentiment around the stock. Waaree Energies Waaree Energies' board has approved the acquisition of Kamath Transformers Private Ltd for Rs 293 crore. The move will strengthen Waaree's footprint in the transformer manufacturing segment. Bharat Electronics Ltd (BEL) BEL posted a strong Q4 with net profit rising 18.39% YoY to Rs 2,127.02 crore, beating market estimates. Revenue grew 6.84% to Rs 9,149.49 crore, supported by robust operational performance. EBITDA came in at Rs 2,816 crore. advetisement Power Grid Corporation Power Grid's net profit declined marginally by 0.56% YoY to Rs 4,143 crore for Q4, while core revenue rose 2.4% YoY to Rs 12,275 crore. Swiggy Swiggy Food Marketplace CEO Rohit Kapoor said the quick-delivery market will see further innovation and category expansion, highlighting new opportunities in segments like cakes and lunch deliveries. Reliance Power Reliance Power has signed a long-term power purchase agreement with Green Digital to jointly develop a 500 MW solar project in Bhutan. The 50:50 venture, with a capital outlay of Rs 2,000 crore, will be Bhutan's largest solar power plant under the BOO (Build-Own-Operate) model. Delhivery Logistics player Delhivery expects margin improvement in FY26, driven by growing volumes and the integration of Ecom Express. In Q4, its express parcel business delivered 177 million packages and posted flat YoY revenue of Rs 1,256 crore. Paras Defence Promoters of Paras Defence & Space Technologies offloaded part of their stake. Sharad Virji Shah sold 9 lakh shares at Rs 1,682.87 apiece, while Anish Mehta and Kaajal Bhansali sold 2.17 lakh shares each at Rs 1,664.62. Petronet LNG Petronet LNG reported a 23.4% sequential rise in net profit at Rs 1,070.2 crore for Q4FY25. Revenue was up marginally at Rs 12,315.8 crore versus Rs 12,226.9 crore in Q3. CMS Info Systems CMS Info Systems saw a 6.8% YoY increase in net profit to Rs 97.6 crore. However, revenue from operations declined 4.2% YoY to Rs 162.2 crore in Q4FY25. 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. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: May 20, 2025, 07:39 IST News business » markets Stocks To Watch: Hindalco, RVNL, Waaree, BEL, Power Grid, Swiggy, And Others
