Latest news with #SpaceTechnologies
India Today
31-07-2025
- Business
- India Today
Australia's first orbital rocket launch fails 14 seconds after lift-off
The first Australian -made rocket to attempt to reach orbit from the country's soil crashed after 14 seconds of flight on rocket Eris, launched by Gilmour Space Technologies, was the first Australian-designed and manufactured orbital launch vehicle to lift off from the country and was designed to carry small satellites to orbit. It launched Wednesday morning local time in a test flight from a spaceport near the small town of Bowen in the north of Queensland videos published by Australian news outlets, the 23-meter (75-foot) rocket appeared to clear the launch tower and hovered in the air before falling out of sight. Plumes of smoke were seen rising above the INJURIES WERE REPORTED The company praised the launch as a success in a statement posted to Facebook. A spokesperson said all four hybrid-propelled engines ignited, and the maiden flight included 23 seconds of engine burn time and 14 seconds of Space Technologies had planned previous launches of the rocket, in May and earlier this month, but called off those operations because of technical issues and bad Adam Gilmour said in a statement he was pleased the rocket got off the launchpad.'Of course I would have liked more flight time but happy with this,' he wrote on LinkedIn. Gilmour said in February that it was 'almost unheard of' for a private rocket company to successfully launch to orbit on its first firm had earlier said it would consider the launch a success if the rocket left the ground. The launch site infrastructure 'remained intact,' the statement Ry Collins of the local Whitsunday Regional Council said the completed launch was a 'huge achievement' even though the vehicle didn't reach orbit.'This is an important first step towards the giant leap of a future commercial space industry right here in our region,' he wrote on Space Technologies has private funders and was awarded a 5 million Australian dollars ($3.2 million) grant this month from the country's federal government for the development of the Eris rocket. It followed the firm's AU$52 million grant agreement with the government in 2023 to advance the development and commercialisation of new space technologies in country has been the site of hundreds of suborbital vehicle launches but there have only been two successful launches to orbit from Australia before, according to the aerospace news platform NASA SpaceFlight. The maiden Eris test flight was the first orbital launch attempt from Australia in more than 50 years.- Ends
Mint
07-07-2025
- Business
- Mint
Defence stocks plunge on profit booking; Paras Defence, GRSE, BEL, Bharat Dynamics, among top losers
Defence stocks witnessed a sharp decline on Monday amid broad-based market weakness and heavy profit booking. The Nifty India Defence index dropped 1.45%, reflecting widespread selling pressure across key constituents. Paras Defence and Space Technologies share price emerged as the top laggard, falling 7.8%. Other major losers included Garden Reach Shipbuilders & Engineers, Astra Microwave Products, Bharat Electronics, Zen Technologies, and Bharat Dynamics, each shedding between 1% and 2%. On the flip side, DCX Systems, Unimech Aerospace and Manufacturing, BEML, Cyient DLM and Hindustan Aeronautics (HAL) were the only gainers in the Nifty India Defence index.
News18
04-07-2025
- Business
- News18
Paras Defence Shares Jump 10% On Turning Ex-Split Today; Key Points For Investors
Last Updated: Shares of Paras Defence and Space Technologies were locked in a 10 per cent upper circuit at Rs 933.50 on the BSE; Should you invest? Paras Defence Shares Hit Upper Circuit: Shares of Paras Defence and Space Technologies were locked in a 10 per cent upper circuit at Rs 933.50 on the BSE during Friday's intra-day session. The rally came as the small-cap aerospace and defence firm turned ex-split in a 1:1 ratio, subdividing equity shares from Rs 10 to Rs 5 face value. Over the last four trading sessions, the stock has surged 24 per cent, driven by news that Paras Defence will supply advanced counter-unmanned aircraft system (UAS) technology to CERBAIR, a France-based firm. The stock recently hit a 52-week high of Rs 971.80 (adjusted for the split) and has more than doubled—soaring 133 per cent—from its 52-week low of Rs 401 touched on April 7, 2025. Stock Split Details The board of directors approved the stock split on April 30, 2025, converting 1 equity share of Rs 10 face value into 2 equity shares of Rs 5 each. The record date for the stock split was fixed as Friday, July 4, 2025. Investors purchasing shares on or after this date will not be eligible for the split. Paras Defence said the move is aimed at enhancing liquidity and making the stock more accessible to retail investors by reducing the per-share price. In a recent interview with CNBC-TV18, Amit Mahajan of Paras Defence clarified that the company's exposure to Israel is primarily for technology transfers and not direct exports. He added that while minor delays of 1–2 weeks are expected in tech transfer from Israeli firms, there is no anticipated supply chain disruption that would impact component imports. The company's total export exposure to Israel stands at only 5 per cent. Shares of Paras Defence had closed 0.24% lower at Rs 1,692.20 on Thursday. Over the past six months, the stock has gained 75 per cent. Strong Tailwinds for India's Defence Sector India's defence sector is entering a high-growth phase, with the Ministry of Defence targeting Rs 3 trillion in indigenous production by 2028–29F, implying a 19 per cent CAGR from FY24 levels. Defence exports are expected to rise to Rs 50,000 crore by the same year, building on the 32.5 per cent YoY jump recorded between FY23 and FY24. Analysts at InCred Equities highlighted government initiatives such as the Technology Development Fund, which has sanctioned 78 projects worth Rs 333 crore, and DRDO's support for the industry through free patent access and technology transfers. For FY26BE, the MoD has allocated Rs 6.81 trillion, up 6.3 per cent YoY. Given ongoing geopolitical tensions—especially in the Indo-Pacific and along India's borders with China and Pakistan—InCred projects the defence budget to grow by around 10 per cent YoY in FY27F to reach Rs 7.49 trillion. Meanwhile, the Defence Acquisition Council (DAC) has approved capital procurement proposals worth Rs 1.05 trillion. All fall under the 'Buy (Indian–IDDM)' category, ensuring only domestically designed, developed, and manufactured systems will be procured. About Paras Defence and Space Technologies Paras Defence is a leading Indian defence engineering company offering a full suite of indigenously designed, developed, and manufactured (IDDM) products and solutions across the defence and space sectors. Its client portfolio includes marquee names such as DRDO, ISRO, BEL, L&T, Ordnance Factories, and the Ministry of Defence. The company also exports to several global markets including Israel, Europe, the USA, and South Korea. 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.
Economic Times
04-07-2025
- Business
- Economic Times
Paras Defence shares rally 8% post stock split
Paras Defence and Space Technologies shares rose over 8% on Friday. This followed a 1:2 stock split. The company's market capitalisation is now Rs 7,442.64 crore. The stock split became effective on July 4. It aimed to boost liquidity and attract more retail investors. The stock's RSI indicates neutral momentum. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Paras Defence and Space Technologies Ltd. climbed over 8% on Friday, trading at Rs 921.20 post-adjustment for the recently executed 1:2 stock split , compared to the pre-split closing price of Rs 1, company now holds a market capitalisation of Rs 7,442.64 crore, drawing increased investor interest following the surge in activity comes after the stock split became effective today, July 4 — which was also set as the record date for the sub-division. As per a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 42), Paras Defence had earlier received shareholder approval via postal ballot on June 7, 2025, to split each Rs 10 face-value share into two Rs 5 split is aimed at enhancing liquidity and broadening retail investor participation — a move often seen as a sign of management's confidence in the company's future performance. Despite the price adjustment, the stock's overall value remains unchanged, and investor interest has remained the technical front, the stock shows strength:The 14-day Relative Strength Index (RSI) stands at 59.7, indicating neutral momentum. (An RSI below 30 suggests the stock may be oversold, while a reading above 70 indicates it could be overbought.)Additionally, Paras Defence is trading above all its key moving averages — from the short-term 5-day DMA to the long-term 200-day DMA — a positive signal suggesting the stock is in a strong uptrend across timeframes.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
04-07-2025
- Business
- Business Standard
This smallcap defence company stock zooms 10% on turning ex-split today
Paras Defence and Space Technologies share price Shares of Paras Defence and Space Technologies were locked at the 10 per cent upper circuit at ₹933.50 on the BSE in Friday's intra-day trade. The smallcap aerospace & defence company today turned ex-split in the ratio of 1:1 i.e. from ₹10 to ₹5. In the past four trading days, the stock price of Paras Defence has surged 24 per cent after the company announced that it will supply high-end counter unmanned aircraft systems (UAS) technology to France's CERBAIR. The stock had hit a 52-week high of ₹971.80 (adjusted to split). It has more-than-doubled or zoomed 133 per cent from its 52-week low price of ₹401 hit on April 7, 2025. Paras Defence - sub-division/split of equity shares The board of directors of Paras Defence on April 30, 2025 approved the sub-division/ split of existing 1 equity share of face value of ₹10 each, into 2 equity shares of face value of ₹5 each. The company had fixed Friday, July 04, 2025 as the 'Record Date' for the purpose of determining the eligibility of shareholders for sub-division/ split. The split of equity shares will make the shares more affordable and attractive to invest, thereby encouraging greater participation of retail investors and will also enhance the liquidity of the company's shares in the market, Paras Defence said on the rationale behind the stock split. Paras Defence to supply high-end counter UAS technology to France's CERBAIR On July 1, 2025, Paras Anti Drone Technologies Pvt Ltd, a subsidiary of Paras Defence, announced that France-based CERBAIR, a leading European counter-UAV company, is intending to acquire up to 30 CHIMERA 200 systems (an advanced Man portable radio frequency detection and neutralization device) designed as primary defence against drone and swarm drone threats. ALSO READ | DAC ₹1.05-trn nod spurs defence stocks; Paras, Astra, BEML jump up to 10% The deal worth approximately ₹22 crore (€2.2 million) by Paras, strengthens India's position as an emerging and reliable exporter of sophisticated defence technologies. It also aligns with the country's Make in India and Defence Production & Export Promotion Policy goals of achieving $5 billion in annual defence exports by 2025, the company said. Ambitious targets signal a robust future for defence sector India's defence sector is poised for exponential growth, with the ministry aiming to achieve indigenous production of ₹3 trillion by 2028-29F, requiring a 19 per cent annual growth rate from 2023-24 levels. Defence exports are targeted to reach ₹50,000 crore by 2028-29F, building on the 32.5 per cent increase in exports from 2022-23 to 2023-24. Initiatives like the Technology Development Fund, sanctioning 78 projects worth ₹333 crore, and the Defence Research and Development Organisation or DRDO's support for industry through free patent access and technology transfers are fostering innovation, analysts at InCred Equities said in a sector report. The Ministry of Defence or MoD's budget for FY26BE stands at ₹6.81 trillion, marking a 6.3 per cent year-on-year increase. However, due to escalating geopolitical tensions, particularly in the Indo-Pacific region and along India's borders with China and Pakistan, the brokerage firm projects the budget to rise by ~10 per cent YoY in FY27F, reaching around ~₹7.49 trillion. Meanwhile, the Defence Acquisition Council (DAC), has approved Acceptance of Necessity (AoN) for capital procurement proposals worth ₹1.05 trillion crore. All approvals fall under the 'Buy (Indian–IDDM)' category, ensuring that only domestically designed, developed, and manufactured systems will be procured. About Paras Defence and Space Technologies Paras Defence and Space Technologies is a premier Indian defence engineering company, delivering a comprehensive suite of indigenously designed, developed, and manufactured (IDDM) products and solutions for the defence and space sectors. The company serves marquee clients including DRDO, ISRO, BEL, L&T, Ordnance Factories, and the Ministry of Defence, and exports to countries such as Israel, Europe, the USA, and South Korea.
