Paras Defence & Space Technologies

Manufacturers are gradually emerging in a business dominated by assembly operations

In the near-term, analysts believe a drop in the defence budget for financial year 2023-24, coupled with premium valuations of related stocks, could weigh on the sentiment

In the past three trading days, the stock of Paras Defence has surged 58 per cent after the scrip was shifted under B Group from T2T segment with effect from October 18, 2021.

The board has also approved incorporation of an Associate Company in association with Krasny Defence, who is prominent player in the field of defence equipment maintenance and wholesome refits of ICGS

The company's capital structure, liquidity position and coverage metrics strengthen post the equity infusion of Rs 140 crore through the recent IPO in September 2021, ICRA said

Realty firm Macrotech Developers on Monday said properties worth Rs 1,100 crore were sold last month in one of its projects in London and it expects to sell all inventories before 2023-24 fiscal year

The company now holds record for most-subscribed IPO and best-listing day performance

Post listing, the stock was locked in the upper circuit of 5 per cent at Rs 498.75 on the BSE