GAGA Share Market News

[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...

[hfe_template id='11223'] [ad_1] Shares of Paras Defence and Space Technologies have surged 40.5% over the past three trading sessions, hitting a high of Rs 1,469 on BSE, ahead of the company’s Q4 results and stock split announcement due later today. The rally has also been fuelled by rising geopolitical tensions between India and Pakistan following the Pahalgam terror attack, and positive sentiment around the Rafale-M fighter jet deal. Q4 Results and Stock Split Announcement Paras Defence’s board is scheduled to meet on April 30 to consider and approve the financial results for the quarter ended March 2025, as well as a stock split. “Pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 30, 2025, inter alia: i. to consider and approve the sub-division/split of existin...