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The Hindu
07-05-2025
- Business
- The Hindu
IN-SPACe and State government sign MoUs to build Centre of Excellence for Space Technologies and Space Manufacturing Park
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) and the Karnataka government have signed MoUs, including one for establishing a Centre of Excellence for Space Technologies in Bengaluru and and another for setting up a public-private space manufacturing park that will anchor next-generation satellite and launch-vehicle production. The MoUs were signed between the IN-SPACe and the Department of Electronics, Information Technology, Biotechnology and Science & Technology. According to IN-SPACe, the MoUs will establish the framework for the Karnataka government and IN-SPACe to collaborate and partner for the setting up of the Centre of Excellence for Space Technologies and the Space Manufacturing Park. The MoUs will enable and support the State's NewSpace ecosystem towards the national vision as per the Indian Space Policy, 2023, and promote innovation in the sector. IN-SPACe said that it has been spearheading India's space ambitions by enabling ease of doing business with the active participation of government as well as non-governmental entities. 'As the global space ambitions soar high, IN-SPACe is acting as a nodal agency to shape India's growing space economy. This signing of MoUs with the Karnataka government aligns with the goal to give impetus to regional ambitions that club with the holistic national projections,' it said. Shalini Rajneesh, Chief Secretary to Government of Karnataka, said: 'The MoUs with IN-SPACe mark a new chapter in Karnataka's space journey creating a seamless talent and value chain with the regulatory support required to compete globally.' Pawan Goenka, chairman, IN-SPACe said: 'State of Karnataka has emerged as a hub for new age space start-ups and enterprises. The MoUs will bolster this ecosystem and support the state and country's efforts in succeeding in the NewSpace era. We look forward to working shoulder-to-shoulder with the State to see more satellites, engines and deep-space technologies developed and manufactured in the State.' IN-SPACe further said that as the global space sector moves from agency-driven programmes to agile public-private partnerships, today's signing cements Karnataka's role as India's launch pad for breakthrough NewSpace technologies propelled by government vision, private ingenuity and an unrivalled talent pool.
Time of India
07-05-2025
- Business
- Time of India
Defence stocks surge 50% in a month. 'Operation Sindoor' type tactical buy or overkill?
Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Live Events The successful launch of ' Operation Sindoor ' in the early hours of Wednesday has once again turned the spotlight on Indian defence stocks , which have rallied nearly 50% over the past month, reflecting strong investor interest. However, experts caution against chasing the rally out of FOMO, stressing the importance of a selective, strategy-driven approach to stock picking in this space.'Long-term investors should keep a watchlist of stocks or sectors they are looking at, to allocate capital to. There is no need to hurry or get into a panic mode or FOMO mode,' Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital, acknowledged the focus 'naturally' getting back on the defence stocks following India's avenging of the Pahalgam attack. He said that the defence companies have large order books, which will get even larger along with the urgency to execute orders. The move is likely to boost revenues and earnings and could start reflecting within the 1-3 years a similar sentiment, market expert Nischal Maheshwari has asked investors to be cautious as the stocks may now look expensive following the recent rally. Maheshwari said that the recent trade in defence stocks has been on account of the geopolitical situation."Having said that, last especially in March, there were a lot of orders which have gone out to all these companies and that is also getting reflected. These stocks had underperformed for some time initially, and sort of a catch-up game, but at these prices, once again, the valuations are going to now start looking pretty expensive for most of them. So, you need to be cautious. Yes, it is a good trade, but for long-term buying this is not the point," he stocks have rallied up to 50% over the past one month with Paras Defence and Space Technologies topping the chart. Stocks like Data Patterns, DCX Systems Astra Microwave Products , Solar Industries India and Mazagon Dock Shipbuilders have delivered between 35% and 21% returns in this from Mazagon, other PSU stocks like Mishra Dhatu Nigam , Garden Reach Shipbuilders & Engineers, Bharat Dynamics BEML and Hindustan Aeronautics Limited (HAL) have also given double-digit returns in the same the index level, the Nifty Defence Index has jumped 16% and is among the best-performing ETMarkets analysis also showed heightened investor interest in defence stocks existing throughout this year, with mutual funds increasing their holdings in 11 out of 18 stocks within the Nifty India Defence Index in the March ended quarter, signalling growing institutional confidence in the sector's long-term top mutual fund buy in the quarter that ended on March 31, 2025 was BEML where MFs raised their holdings by 1.6% over the December quarter. The next in line were Solar Industries India, MTAR Technologies and Zen Technologies which saw a hike of 1.2%, 0.96% and 0.65%, Astra Microwave, Mishra Dhatu Nigam, BDL, Mazagon Dock, Paras Defence, Dynamatic Technologies and GRSE were among stocks which witnessed a rise in holdings of the foreign institutional investors (FIIs).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
02-05-2025
- Business
- Economic Times
Paras Defence shares in focus after Q4 profit surges 97% YoY; board approves stock split
Paras Defence posted a stellar Q4FY25, with net profit soaring 97% YoY to Rs 19.7 crore and revenue up 36% to Rs 108.2 crore. EBITDA surged over 7x, and margins expanded sharply. The company also announced a stock split and inked a key drone tech deal with Israel's MicroCon Vision, further boosting its presence in defence and ISR technologies. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets Paras Defence Share Price Performance Shares of Paras Defence and Space Technologies will be in focus on Friday after the company reported strong March quarter results and announced a stock profit surged 97% year-on-year (YoY) to Rs 19.7 crore in Q4FY25, compared to Rs 10 crore in the same period last year. Revenue rose 36% YoY to Rs 108.2 crore from Rs 79.7 Before Interest, Tax, Depreciation and Amortisation (EBITDA) came in at Rs 28.3 crore, up from Rs 3.4 crore a year ago. EBITDA margin expanded nearly 10 percentage points to 26.2%, from 15.6% in the year-ago the board approved a stock split, dividing each equity share with a face value of Rs 10 into two equity shares of Rs 5 each. The record date for the split will be announced in due this month, Paras Defence signed a memorandum of understanding (MoU) with Israel-based MicroCon Vision, part of the Controp and Rafael Group, to strengthen India's defence and drone technology ecosystem. Under the collaboration, Paras Defence becomes the exclusive supplier of advanced drone camera systems in India. The company aims to offer these systems at significantly lower costs while increasing indigenous content in drone cameras and ISR (Intelligence, Surveillance, and Reconnaissance) this year, the company also received a license to manufacture light machine Wednesday, Paras Defence shares closed at Rs 1,365 on the BSE, up 2.1%, while the benchmark Sensex fell 0.06%. The stock has gained 36% year-to-date and 88% over the past year. The company's market capitalization stands at Rs 5,501 crore.
Time of India
02-05-2025
- Business
- Time of India
Paras Defence shares in focus after Q4 profit surges 97% YoY; board approves stock split
Live Events Paras Defence Share Price Performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Paras Defence and Space Technologies will be in focus on Friday after the company reported strong March quarter results and announced a stock profit surged 97% year-on-year (YoY) to Rs 19.7 crore in Q4FY25, compared to Rs 10 crore in the same period last year. Revenue rose 36% YoY to Rs 108.2 crore from Rs 79.7 Before Interest, Tax, Depreciation and Amortisation (EBITDA) came in at Rs 28.3 crore, up from Rs 3.4 crore a year ago. EBITDA margin expanded nearly 10 percentage points to 26.2%, from 15.6% in the year-ago the board approved a stock split, dividing each equity share with a face value of Rs 10 into two equity shares of Rs 5 each. The record date for the split will be announced in due this month, Paras Defence signed a memorandum of understanding (MoU) with Israel-based MicroCon Vision, part of the Controp and Rafael Group, to strengthen India's defence and drone technology ecosystem. Under the collaboration, Paras Defence becomes the exclusive supplier of advanced drone camera systems in India. The company aims to offer these systems at significantly lower costs while increasing indigenous content in drone cameras and ISR (Intelligence, Surveillance, and Reconnaissance) this year, the company also received a license to manufacture light machine Wednesday, Paras Defence shares closed at Rs 1,365 on the BSE, up 2.1%, while the benchmark Sensex fell 0.06%. The stock has gained 36% year-to-date and 88% over the past year. The company's market capitalization stands at Rs 5,501 crore.
