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Showing posts with the label Paras Defence

Paras Defence shares in focus after MoU with Israel’s HevenDrones to set up JV for defence logistics drones

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[hfe_template id='11223'] [ad_1] Paras Defence and Space Technologies shares will be in focus on Tuesday after the company announced it has signed a Memorandum of Understanding (MoU) with Israel-based HevenDrones to explore opportunities in the defence and civil drone markets. "We are pleased to inform you that Paras Defence and Space Technologies Limited (‘PARAS’) has entered into an MOU (Memorandum of Understanding) on May 05, 2025 with Hevendrones Ltd., (‘HD’), Israel with an intent to create new opportunities and expand both parties' business in the Indian and Global Defence sector," the company said in a regulatory filing. As part of the agreement, both companies plan to establish a joint venture in India to develop and manufacture logistics and cargo drones. The initiative aligns with the Indian government's ‘Make in India’ programme and aims to serve domestic and international markets. This marks Paras Defence’s second partnership with an Israeli...

F&O Talk: Nifty likely to remain rangebound, Bank Nifty may scale new peaks, says Rahul Ghose

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[hfe_template id='11223'] [ad_1] The Nifty saw sharp intraday swings on Friday, hitting a high of 24,589 before reversing gains to touch a low of 24,238, highlighting heightened volatility. Early optimism was driven by easing concerns over a potential U.S.-China trade war, as China signaled a willingness to negotiate. This, along with sustained foreign institutional inflows, lent support to domestic equities. Sector-wise, Oil & Gas, Financial Services, and Information Technology outperformed, while Consumer Durables, Metals, Realty, and Pharmaceuticals faced selling pressure. Rahul Ghose, Founder of Hedged.in, shared his outlook on Nifty and Bank Nifty along with index strategies for the upcoming week in an interaction with ET Markets. What is your broader view on markets? How are markets reacting to the Pahalgam attack and rising geopolitical tensions? Markets have been volatile following the tragic Pahalgam attack, with headline indices reacting to the increased ge...

Big movers on D-Street: What should investors do with CDSL, Hindustan Zinc and Paras Defence?

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[hfe_template id='11223'] [ad_1] Benchmark Sensex spurted by 1,330 points to close at a two-week high while Nifty jumped 397 points to settle above the 24,500 level on Friday as easing fears of a recession in the US triggered buying in IT shares amid a sharp global stocks rally. Stocks that were in focus include names like CDSL, which rose 9.58%, Hindustan Zinc, which fell 9.4%, and Paras Defence, whose shares increased 5% on Monday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. CDSL The stock has given a breakout from a channel formation on the daily time frame but has witnessed some profit booking from higher levels. Recently, it retested the breakout level and surged almost 10% in a day, making the charts look very lucrative. Technically, the first hurdle will be at the 3000 mark. Above the 3000 zone, a rally towards the 3333 mark is expected. On th...