{"id":116524,"date":"2024-01-01T16:45:00","date_gmt":"2024-01-01T11:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116524"},"modified":"2024-01-01T16:31:30","modified_gmt":"2024-01-01T11:01:30","slug":"defence-stock-jumps-5-after-it-will-provide-end-to-end-solutions-for-quantum-communication","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-5-after-it-will-provide-end-to-end-solutions-for-quantum-communication\/","title":{"rendered":"Defence stock jumps 5% after it will provide end-to-end solutions for Quantum Communication"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-223680849\"><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>Defence and Space engineering stock with clients like ISRO, DRDO, Tata Power and many more jumped 5 percent in the day\u2019s trade upon the incorporation of a new company to carry out one of its businesses.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2075837124\"><!-- 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>At 2:55 p.m the shares of <a href=\"https:\/\/portal.tradebrains.in\/stock\/PARAS\/consolidated\">Paras Defence and Space Technologies Limited<\/a> were trading at Rs. 751, up 4.47 percent from its previous day\u2019s close price of Rs. 718.90 and its market capitalization is Rs. 2,930 Crores.\u00a0<\/p><p>Paras Defence and Space Technologies Limited has incorporated a new wholly-owned subsidiary named Quantico Technologies Private Limited, it will carry out the business of end-to-end solutions for Quantum Communication.&nbsp;<\/p><p>Paras Defence and Space Technologies Limited is primarily engaged in designing, developing, manufacturing and testing a variety of defence and space engineering products and solutions.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1439323809\"><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>As of FY23, it had an order book of Rs. 393 Crores and it generated 36.98 percent (Rs. 82.25 Crores) of its operational revenue from Defence Electronics, 32.08 percent (Rs. 71.36 Crores) from Defence and Space Optics and 30.94 percent (Rs. 68.82 Crores) from Heavy Engineering and Defence.&nbsp;<\/p><p>It generated 55 percent of operational revenue from Government customers, 30 percent from Private customers and 15 percent from international customers.&nbsp;<\/p><p>It has a strong customer base which includes well-known entities like DRDO, ISRO, BEL, HAL, Mazagon Dock Shipbuilders, Tata Power, Rafael Advanced Systems, Israel Aerospace Industries and many more.&nbsp;<\/p><p>In FY23 its revenue from operations grew 21.84 percent from Rs. 182.56 Crores in FY22 to Rs. 222.43 Crores in FY23, accompanied by profits of Rs. 27.04 Crores to Rs. 36.06 Crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Written by: Bharath K.S<\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-3597167431\"><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>Defence and Space engineering stock with clients like ISRO, DRDO, Tata Power and many more jumped 5 percent in the day\u2019s trade upon the incorporation of a new company to carry out one of its businesses.\u00a0 At 2:55 p.m the shares of Paras Defence and Space Technologies Limited were trading at Rs. 751, up 4.47 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":114828,"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":[15612,15611,15609,15610],"class_list":["post-116524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-defence-stock-latest-news","tag-paras-defence-and-space-technologies-limited","tag-paras-defence-and-space-technologies-limited-latest-news","tag-paras-defence-and-space-technologies-limited-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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