{"id":129897,"date":"2024-07-31T14:54:29","date_gmt":"2024-07-31T09:24:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=129897"},"modified":"2024-07-31T14:56:10","modified_gmt":"2024-07-31T09:26:10","slug":"defence-stock-jumps-after-it-gets-15-years-industrial-license-for-uncooled-thermal-vision-devices","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-after-it-gets-15-years-industrial-license-for-uncooled-thermal-vision-devices\/","title":{"rendered":"Defence stock jumps after it gets 15 years industrial license for uncooled thermal vision devices"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3355075925\"><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>In Wednesday\u2019s trading session, the shares of one of India\u2019s leading defence equipment and space technology company surged by 1.4 percent on BSE to Rs. 1,324, after the company received an Industrial license from the Ministry of Commerce &amp; Industry for 15 years.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-786433311\"><!-- 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>With a market capitalisation of Rs. 5,035 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PARAS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Paras Defence and Space Technologies Limited<\/a><\/strong> opened in the green at Rs. 1,315 on BSE, as against its previous closing price of Rs. 1,306.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What\u2019s the News:&nbsp;<\/strong><\/h2><p>According to the latest regulatory filings with the stock exchanges, the Department for Promotion of Industry &amp; Internal Trade, Ministry of Commerce &amp; Industry, granted an Industrial license to Paras Defence and Space Technologies Limited for establishing an Industrial undertaking.&nbsp;<\/p><p>The industrial license allows the company to manufacture Holographic Sights and Infrared and uncooled Thermal Vision Devices, which are essentially advanced cameras used in various applications. The license is valid for a period of 15 years.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1307904291\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p><\/blockquote><figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"fjVv6GJZHw\"><a href=\"https:\/\/tradebrains.in\/features\/should-you-buy-dixon-technologies-or-book-your-profits\/\">Should you buy Dixon Technologies or book your profits?<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Should you buy Dixon Technologies or book your profits?&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/should-you-buy-dixon-technologies-or-book-your-profits\/embed\/#?secret=UdImAm2VUX#?secret=fjVv6GJZHw\" data-secret=\"fjVv6GJZHw\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Previous News:&nbsp;<\/strong><\/h2><p>On 4th May, Paras Defence and Space Technologies received a contract from Indian Farmers Fertiliser Cooperative Limited (IFFCO) worth nearly Rs. 20 crores, to be executed by 30th September 2024.&nbsp;<\/p><p>The order was for spraying of IFFCO Nano fertilisers, Sagarika, IFFCO MC Agro-Chemicals and other IFFCO &amp; IFFCO JV\u2019s Agri-products using drones in the fields of individual farmers over a maximum of 5 lakh acres of agricultural land area, to enhance agricultural productivity and efficiency.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials:&nbsp;<\/strong><\/h2><p>The company experienced a growth in revenue from operations, showing a year-on-year rise of nearly 22.6 percent from Rs. 65 crore in Q4 FY22-23 to Rs. 79.7 crore in Q4 FY23-24.&nbsp;<\/p><p>However, its net profit decreased during the same period from Rs. 11.8 crore to Rs. 9.6 crore, indicating a decline of around 18.6 percent YoY.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock performance:&nbsp;<\/strong><\/h2><p>The shares of Paras Defence and Space Technologies Limited have delivered positive returns of nearly 90 percent in one year, as well as around 71 percent returns year-to-date.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company:&nbsp;<\/strong><\/h2><p>Paras Defence and Space Technologies Limited is involved in the design, development, manufacturing, testing &amp; commissioning of products, systems and solutions for Defence &amp; Space Applications.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1451738459\"><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><p>The company serves four major segments of the defence &amp; space sector: defence and space optics, defence electronics, electromagnetic pulse protection solutions and heavy engineering.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shivani Singh&nbsp;<\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><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-924161280\"><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>In Wednesday\u2019s trading session, the shares of one of India\u2019s leading defence equipment and space technology company surged by 1.4 percent on BSE to Rs. 1,324, after the company received an Industrial license from the Ministry of Commerce &amp; Industry for 15 years.&nbsp; With a market capitalisation of Rs. 5,035 crores, the shares of Paras [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":57805,"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":[6247,9714,21017,9713,948,936],"class_list":["post-129897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-defence-stock","tag-paras-defence-latest-news","tag-paras-defence-new-license","tag-paras-defence-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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