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Iran war boosts defence stocks like Paras and ideaForge by up to 13%
For the first two months of the year, the Nifty India Defence Index has gained 5% so far, with stocks like MTAR Technologies already having risen 57% during this period. Bharat Forge shares have risen 30% so far, while those of Data Patterns, and BEL are up 30% and 11% so far during this period.
Paras Defence shares jump 13% amid West Asia tensions; co announces semiconductor foray
Paras Defence announced its entry into the semiconductor space with the incorporation of a new subsidiary, Paras Semiconductors Pvt Ltd. The company will hold a 70% equity stake in the unit.
HAL, BDL, BEL, other defence stocks surge up to 13% as Iran-Israel war escalates; what to expect?
Defence stocks in India saw a significant surge on Monday. This rise was driven by the escalating conflict in the Middle East. Investors anticipate increased export orders for Indian defence companies. Companies like Paras Defence, HAL, BEL, and Bharat Dynamics experienced gains. The geopolitical tensions are expected to influence the defence sector's performance.
Paras Defence enters semiconductor space with new subsidiary
Paras Defence and Space Technologies Ltd launched Paras Semiconductors Private Ltd to enter India’s semiconductor sector, focusing on AI, HPC, and 3D packaging OSAT, holding a 70% stake. Shares of Paras Defence and Space Technologies Ltd ended marginally lower on Friday, February 27, by 0.38% at ₹634.65 on the NSE.
Paras Defence gains after buying 49% stake in Himanshi Thermal
Paras Defence and Space Technologies added 2.72% to Rs 647.40 after the company said that it has acquired 49% stake of Himanshi Thermal Solutions from DefSpace Technologies.
Paras Defence to acquire 49% stake in Himanshi Thermal
The acquisition is expected to be completed by March 31, 2026.
BEL, Paras Defence rise up to 12% on US-Iran tensions; Nifty Defence up over 2%
The rise in defence shares comes even as the benchmark equity indices Sensex and Nifty crashed in early trade.
Paras Defence, BEL, HAL gain up to 5% after DAC clears Rs 52,000 crore defence buys
Adding to the positive sentiment, JM Financial Institutional Securities reiterated its 'Buy' rating on Bharat Heavy Electricals (BHEL) with an unchanged target price of Rs 435
Defence shares rise up to 16% amid broad-based rally; Aequs, HAL, Paras Defence lead gains
Defence index has been on an upward trend for the past seven trading sessions and has gained over 14 percent during the period.
Paras Defence, HAL, other defence shares rise up to 12% as India's defence production hits record Rs 1.78 lakh crore
The latest figure also represents a 110 per cent jump from FY21, when defence production stood at Rs 84,643 crore, highlighting the rapid expansion of the country's defence manufacturing ecosystem