{"id":104765,"date":"2023-07-03T12:37:37","date_gmt":"2023-07-03T07:07:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104765"},"modified":"2023-07-03T12:37:42","modified_gmt":"2023-07-03T07:07:42","slug":"defence-stock-jumps-after-it-receives-an-order-to-manufacture-400-agricultural-drones","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-after-it-receives-an-order-to-manufacture-400-agricultural-drones\/","title":{"rendered":"Defence stock jumps after it receives an order to manufacture 400 agricultural drones"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1510082615\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Paras Defence and Space Technologies Ltd shares gained 2.6 percent in Monday\u2019s session. The shares rose after the company signed a Rs 42-crore deal with IFFCO Nano Fertilisers for 400 agri-drones.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1992092586\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>As per exchange filings, The company received a contract to manufacture 400 units of Agri-Drones for IFFCO Nano Fertilisers, including a two-year annual maintenance contract (AMC), for a total of about Rs. 42.4 crores to deliver drones by March 31, 2024.<\/p><p>The order breakdown, which includes delivery of Drones and their accessories is about Rs. 34.7 Crores, and the value of AMC for two years is approximately Rs. 7.7 Crores, for a total of approximately Rs. 42.4 Crores. At 12:10 pm, the shares of Paras Defence and Space Technologies quoted Rs 621.80, up 1.39 percent on NSE.<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PARAS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Paras Defence and Space Technologies designs<\/a><\/strong>, develops, manufactures, and tests a wide range of defence electronics and space application products.<\/p><div class=\"trade-content_5\" id=\"trade-2139042267\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The ace investor Mukul Agrawal holds 4,35,000 shares in the firm as of the March 2023 quarter, equivalent to 1.12 percent.&nbsp;<\/p><p>The Company signed a memorandum of understanding (MoU) with Israel-based Precision Technologies Ltd. (CONTROP) in March 2023. To establish a joint venture (JV) in India to manufacture electro-optic systems for diverse uses, all in adherence with the government&#8217;s Make in India agenda.<\/p><p>In the last month, the company\u2019s share price increased from Rs 570.05 to current levels, giving returns of 9.11 percent.&nbsp;<\/p><p>The company has an order book of more than Rs&nbsp; 550 crore, and it expects to surpass Rs 100 crore in the drone market.<\/p><p>From Rs 180 crore in FY 21-22 to Rs 214 crore in FY 22-23, revenue increased by 19 percent year over year. The net profit rose from Rs 26 crore to Rs 35 crore within the specified time frame, a 34 percent rise.<\/p><p>Promoters possess 58.94 percent of the company&#8217;s shares as of FY 22-23, while retail investors hold 37.95 percent.<\/p><div class=\"trade-content-10\" id=\"trade-1903985335\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-434284677\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Paras Defence and Space Technologies Ltd shares gained 2.6 percent in Monday\u2019s session. The shares rose after the company signed a Rs 42-crore deal with IFFCO Nano Fertilisers for 400 agri-drones. As per exchange filings, The company received a contract to manufacture 400 units of Agri-Drones for IFFCO Nano Fertilisers, including a two-year annual maintenance [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":38835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9714,9716,9713,948,936,9715],"class_list":["post-104765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-paras-defence-latest-news","tag-paras-defence-latest-order","tag-paras-defence-share-price","tag-stock-market","tag-stock-market-news","tag-whyis-paras-defence-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defence stock jumps after it receives an order to manufacture 400 agricultural drones - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company shares gained 2.6 percent in Monday\u2019s session. 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