PARAS

March 30 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• DIVESTS ENTIRE 58.02% STAKE IN AYATTI; AYATTI NO LONGER SUBSIDIARY

Source text: ID:nBSE4MvY4G

Further company coverage: PRAF.NS

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March 9 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• RECEIVES ORDER FROM DRDO VALUED AT 802.8 MILLION RUPEES

Source text: ID:nBSE7K4WRp

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** India's defence stocks .NIFTYINDDEFENCE gain 4.9% this week, and have risen 9.9% over four weeks in their longest winning run since June

** Escalating U.S. and Israeli war with Iran boosts shares

** Paras Defence PRAF.NS leads weekly gains with an 18.4% jump, trailed by dronemaker Ideaforge's IDEF.NS 9% climb

** Bharat Dyanmics BARA.NS, which counts Israeli defence equipment maker Rafael among its clients, rises 7.2% for the week

** Peer Bharat Electronics BAJE.NS gains 6.1% to be the top weekly gainer on benchmark Nifty 50 .NSEI

** Zen Technologies ZETE.NS up 4.5% this week

** YTD, defence index up 10.1%

(Reporting by Kashish Tandon in Bengaluru)

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** Indian defence stocks .NIFTYINDDEFENCE rise 2.29%; benchmark Nifty 50 index .NSEI up 0.48%

** Paras Defence and Space Technologies PRAF.NS up 1.8%, Bharat Electronics BAJE.NS gains 3.6%, Bharat Dynamics BARA.NS rises 2.1%, HAL HIAE.NS firms 0.7%; Mazagon Dock Shipbuilders MAZG.NS and Data Patterns DATP.NS add 5.6% each

** Shriram Wealth says defence sector likely to benefit from rising global defence spending

** U.S.-Israeli strikes against Iran, subsequent retaliatory strikes have heightened instability across Middle East, raising risk of wider regional escalation

** YTD, NIFTYINDDEFENCE gains ~6% vs NSEI's 6% drop

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Paras Defence and Space Technologies PRAF.NS jump 6.4% to 713.8 rupees after tie-up with South Korea's Green Optics 0015G0.KQ

** Pact includes joint development, manufacturing, business development of optics & optical systems for space and defence applications

** PRAF rose as much as 11.8% earlier in the session following the news

** PRAF and rival ideaForge Technology IDEF.NS soared about 13% and 10%, respectively, since Middle East war broke out over the weekend, which boosted expectations of demand for drones

** YTD, PRAF up nearly 5%, IDEF trims loss to 3.4%

(Reporting by Nandan Mandayam in Bengaluru)

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** Nifty India Defence .NIFTYINDDEFENCE index up 1% vs benchmark Nifty 50 .NSEI 1.3% fall

** Paras Defence and Space Technologies PRAF.NS up 11.6%, Bharat Electronics BAJE.NS up 2%, Bharat Dynamics BARA.NS up 0.9%, HAL HIAE.NS up 0.9%

** U.S.-Israeli strikes on Iran over the weekend killed Tehran's Supreme Leader Ali Khamenei

** Jefferies says stocks should see double-digit CAGR growth in the medium term due to geopolitical tensions

** Antique Stockbroking flags BARA and BEL have their supply chain dependence on Israel; any prolonged geopolitical issue with Iran can lead to risk

** YTD, defence index up 5.8% vs .NSEI's nearly 5% fall

(Reporting by Mridula Kumar in Bengaluru)

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** Shares of Paras Defence and Space Technologies PRAF.NS rise 2.3% to 644.65 rupees

** Co acquires 49% stake in Himanshi Thermal Solutions from DefSpace Technologies

** Himanshi Thermal makes fabricated metal products, liquid cold plates for space and airborne applications, and provides vacuum heat treatment services

** YTD, PRAF down ~6%

(Reporting by Vijay Malkar)

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Feb 17 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• PARAS DEFENCE AND SPACE TECHNOLOGIES LTD - APPROVES ACQUISITION OF 49% EQUITY IN HIMANSHI THERMAL

Source text: ID:nBSE6qwTxZ

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** Shares of Indian defence stocks climb between 1.5% and 5.2% ahead of India's federal budget for fiscal 2027

** Investors expect higher defence spending from the government, which aims to accelerate push for local manufacturing

** Drone maker Ideaforge Tech IDEF.NS leads gains among pack with 5% climb; Data Patterns DATP.NS up 4.5%

** Defence equipment makers Bharat Electronics BAJE.NS and Bharat Dynamics BARA.NS rise about 2.4% each, Garden Reach Shipbuilders GRSE.NS gains 2.3%

** Nifty India defence index up 1.9%, climbed 5.6% in January

(Reporting by Kashish Tandon in Bengaluru)

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Jan 23 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• DEC-QUARTER CONSOL NET PROFIT 182.1 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.06 BILLION RUPEES

Source text: [ID:]

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Nov 24 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• PARAS DEFENCE AND SPACE TECHNOLOGIES LTD - SIGNS MOU WITH INTER-UNIVERSITY ACCELERATOR CENTRE

Source text: ID:nNSE65p72w

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**Shares of Indian defence manufacturers Bharat Dynamics BARA.NS, BEML BEML.NS, Garden Reach Shipbuilders and Engineers GRSE.NS, Cochin Shipyard COCH.NS, Paras Defence PRAF.NS, Bharat Electronics BAJE.NS, Mazagon Dock Shipbulders MAZG.NS and Mishra Dhatu MISR.NS rise between 0.78% to 2.72%.

** Nifty India Defence index .NIFTYINDDEFENCE rises 0.8% to 8,227.65 rupees

** Indian Defence Acquisition Council approved various army contracts totaling to an amount of 790 billion rupees ($8.99 billion)

** Ministry also unveils the new Defence Procurement Manual (DPM), focusing on simplifying regulatory processes

** The DAC approvals open up new opportunities for key domestic defence players like Bharat Electronics, Bharat Dynamics, GRSE, and others, says ICICI Direct Research

** YTD, Garden Reach Shipbuilders up 63%, Bharat Dynamics up 39%, BEML up 9%, Cochin Shipyard up 18.57%, Bharat Electronics up 43.89%

($1 = 87.8950 Indian rupees)

(Reporting by Mridula Kumar)

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** Shares of Paras Defence and Space Technologies PRAF.NS rise 2.2% to 706 rupees

** Stock set for third straight session of gain

** Subsidiary gets order worth 461.9 mln rupees ($5.2 mln) from Ministry of Defence

** Order for Anti-Drone Systems such as drone jammers

** Stock up 40.1% YTD

($1 = 88.7420 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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Updates

** Defence stocks .NIFTYINDDEFENCE up 0.7%, extending Friday's gains, after India unveiled a new framework to streamline, simplify and rationalise procurement processes for armed forces

** Defence minister on Sunday approved Defence Procurement Manual (DPM), outlining key rules and procedures for all revenue procurements covering an estimated 1 trillion rupees ($11.34 billion) for current FY

** A 0.1% delay penalty will apply after prototype development, with a cap of 5%, rising to 10% only for major delays; no levies in development phase

** "The DPM is a structural positive for the defence sector as it simplifies procurement, reduces execution risks and ensures faster order flow," says ICICI Securities

** 13 out of the 18 constituents on the sub-index trading in the green, led by Paras Defence PRAF.NS, up 4.5%

** Cochin Shipyard COCH.NS, Astra Micro ASTM.NS and Cyient DLM CYIT.NS up ~2% each

** YTD, defence stocks up 24%, outperforming 6% climb in Nifty 50 .NSEI

($1 = 88.1710 Indian rupees)

(Reporting by Urvi Dugar and Bharath Rajeswaran)

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Adds missing currency in headline

** Shares of Paras Defence and Space Technologies PRAF.NS rise 3.3% to 675 rupees

** Stock logs biggest intraday pct gain since August 11

** Co receives orders worth 266 mln rupees ($3.01 mln) from Opto Electronics Factory, a unit of Ministry of Defence-owned India Optel

** Order is for electronic control systems used in thermal imaging fire control systems for battle tanks

** More than 718,458 shares change hands, 1.5x of 30-day avg

** Stock up 34% YTD

($1 = 88.2800 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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Aug 21 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• RECEIVES ORDER FROM BHARAT ELECTRONICS WORTH 453.2 MILLION RUPEES

Source text: ID:nBSE5gV1P2

Further company coverage: PRAF.NS

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Aug 6 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• PARAS DEFENCE AND SPACE TECHNOLOGIES LTD - SIGNS AGREEMENT WITH HPS GERMANY

• PARAS DEFENCE AND SPACE TECHNOLOGIES LTD - HPS TO COLLABORATE ON DEFENCE & SPACE PROJECTS

Source text: ID:nBSE5XxKc5

Further company coverage: PRAF.NS

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** India's Paras Defence and Space Technologies PRAF.NS jumps 4.6% to 1,702 rupees, takes two-day gains to 6.5%

** Subsidiary secures deal worth 220 million rupees ($2.57 million) from France-based CERBAIR to supply high-end counter unmanned aerial system (UAS) technology CHIMERA 200

** "CHIMERA 200 set to play pivotal role in India's defence export ambitions," co says after CERBAIR deal

** YTD, PRAF up ~69% as geopolitical tensions across several regions are aiding demand for defence equipment; Nifty India Defence index .NIFTYINDDEFENCE up 36% YTD

** Since April, company insiders and promoters have trimmed their stake in PRAF by 4.5%, NSE data shows

($1 = 85.7240 Indian rupees)

(Reporting by Vivek Kumar M)

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July 1 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• RECEIVES LETTER OF INTENT FROM CERBAIR, FRANCE

• CERBAIR TO PURCHASE 30 UNITS OF CHIMERA 200 FOR €2.2 MILLION

Source text: ID:nBSEch7Qwq

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** India's defence stocks .NIFTYINDDEFENCE up 1.6%, taking gains to 0.6% in two sessions since India attacked Pakistan early Wednesday

** Defence stocks up 3.8% since April 22 attack in Indian Kashmir, while benchmark Nifty 50 .NSEI is up 1%

** The tensions may lead to increased defence spending through the year, says Bernstein

** Defence companies' order books to get larger, pace of execution to increase, possibly boosting revenues and earnings forecast, says Vikas Gupta, CEO and chief investment strategist at OmniScience Capital

** On the day, Paras Defence and Space Technologies PRAF.NS and Bharat Dynamics BARA.NS gain about 2.5% each

** Bharat Electronics BAJE.NS and Hindustan Aeronautics HIAE.NS up 1.1% and 1.4%, respectively

(Reporting by Vivek Kumar M)

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April 25 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• BOARD TO CONSIDER EQUITY SHARE SPLIT

Source text: ID:nBSE60sNzT

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March 27 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• SOLD 100% STAKE IN PARAS GREEN UAV TO EURO ASIA EXPORTS

Source text: [ID:]

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** India's Paras Defence and Space Technologies PRAF.NS jumps as much as 10% to one-month high of 1,047.7 rupees, last up 6.6%

** PRAF on course for third consecutive session of gains

** Co receives order worth 1.42 billion rupees ($16.5 million) for development of laser source module and integration with beam control system on mobile platform

** PRAF top pct gainer on Nifty India Defence .NIFTYINDDEFENCE index, which is down 0.4%

** More than 650,000 shares change hands in an hour's trade, 4x the six-month avg volume

** PRAF up 4% YTD, turns positive with day's gains

(Reporting by Vivek Kumar M)

(([email protected];))

** Shares of India's Garden Reach Shipbuilders & Engineers GRSE.NS soar 20%, on course for their steepest-ever daily percentage rise

** Other defence stocks rise as well; Nifty India Defence .NIFTYINDDEFENCE up 5%

** Bargain-hunting and Germany's massive defence spending boost sentiment

** "Street is expecting some benefits to flow through for domestic defence players especially in shipping sector," says Sunny Agrawal, head of fundamental equity research at SBICAPS Securities, on Germany's defence spending boost

** Adds, recent correction offers some valuation comfort in defence stocks

** Ideaforge Technology IDEF.NS and Mazagon Dock Shipbuilders MAZG.NS jump 16% and 10%, respectively, while Cochin Shipyard COCH.NS is up 9%

** Hindustan Aeronautics HIAE.NS and Bharat Dynamics BARA.NS jump 4.5% and 6%, respectively, while Paras Defense and Space Technologies PRAF.NS gains 5%

** YTD, GRSE, BARA, and MAZG turn positive, while COCH, PRAF, HIAE, and IDEF are still in the red

** Defence index up 19% so far in March, on course to snap a three-month losing streak

(Reporting by Vivek Kumar M)

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Jan 23 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• TO INVEST 120 BILLION RUPEES IN MAHARASHTRA

• SIGNS MOU WITH MAHARASHTRA GOVERNMENT

• SIGNS MOU TO BUILD OPTICS PARK

Source text: ID:nBSE1nRdpQ

Further company coverage: PRAF.NS

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Jan 22 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• SIGNS MOU WITH MAHARASHTRA GOVERNMENT FOR OPTICS PARK PROJECT

• TO INVEST 120 BILLION RUPEES IN OPTICS PARK

• OPTICS PARK EXPECTED TO GENERATE 2000 DIRECT JOBS

• OPTICS PARK PROJECT TO COMMENCE IN 2028

Source text: ID:nBSE2vCDzP

Further company coverage: PRAF.NS

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** Shares of India's Paras Defence and Space Technologies PRAF.NS jump 7%

** Defence engineering firm said it received lifetime licence to manufacture two types of light machine guns

** Trading vols at ~170,000 shares vs 30-day avg of 139,000 shares

** PRAF has gained 3% so far this year after a 40% surge in 2024 - its best year since listing in 2021

(Reporting by Hritam Mukherjee in Bengaluru)

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** Indian defence stocks rise between 1.3% and 4%

** The Defence Acquisition Council approves five proposals worth 217.72 bln rupees ($2.57 bln) to enhance operational capabilities of the armed forces

** Data Patterns Ltd DATP.NS leads pack with 4% gain; state-owned Hindustan Aeronautics Ltd HIAE.NS and Bharat Electronics Ltd BAJE.NS rise 1.3% and 1.6% respectively

** Mazagon Dock Shipbuilders Ltd MAZG.NS, Bharat Dynamics Ltd BARA.NS, Ideaforge Technology Ltd IDEF.NS, Paras Defence and Space Technologies Ltd PRAF.NS up between 1.9% and 3.1%

** Analysts tracking stocks rate most at "buy" or higher; PRAF rated "sell" and MAZG at "hold" - LSEG data

** MAZG leads pack with YTD gains of 110%

($1 = 84.6700 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Shares of Paras Defence and Space Technologies PRAF.NS rise 4.6% to 1022 rupees

** Co opens state-of-the-art optical systems testing facility in Navi Mumbai for space and defence applications ranging from earth observation to homeland security

** Co plans to invest 500 crore rupees ($59.3 million) over the next few years to build India's first advanced optical systems development park

** More than 171,000 shares changed hands as of 10:50 AM IST, 1.4 times the 30-day avg daily volume

** Stock up 35.89% ytd, as of last close

(Reporting by Ananta Agarwal in Bengaluru)

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Nov 22 (Reuters) - Paras Defence and Space Technologies Ltd PRAF.NS:

• OPENED OPTICAL SYSTEMS TESTING FACILITY IN NAVI MUMBAI

• CO TO INVEST 5 BILLION RUPEES TO BUILD ADVANCED OPTICAL SYSTEMS PARK

Source text: ID:nBSE1MJ4hp

Further company coverage: PRAF.NS

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