Shares of defense companies soared up 17.6 percent on the BSE in Friday's intraday deals
Bharat Dynamics hit a new high of Rs 1,650, zooming 17% in intra-day trade after the stock of state-owned defense company turned ex-date for 1:2 split on Friday.
Technical charts suggest defence related stocks can rally up to 21 per cent from present levels; watch out for these key levels.
Space-tech startup Agnikul Cosmos, incubated by IIT-Madras, on Tuesday said it has raised Rs 200 crore in the Series-B funding round and aims to use that for supporting its expansion plans as the firm looks at putting satellites in orbit. Agnikul has started the integration of the launch vehicle Agnibaan SubOrbital Technology Demonstrator at its private launchpad at the Satish Dhawan Space Centre in Sriharikota. "We are planning to have a test launch before the year-end," Agnikul co-founder and CEO Srinath Ravichandran told PTI. With the successful closure of a Series-B fund of Rs 200 crore (USD 26.7 million), the startup has increased its total capital raised till date to USD 40 million. The round saw participation from venture capital investors such as Celesta Capital, Rocketship.vc, Artha Venture Fund and Artha Select Fund, Mayfield India, along with existing investors such as pi Ventures, Speciale Invest and Mayfield India. "We have a fair idea of the technology that is involv
Centum Electronics and Paras Defence were the top gainers in Thursday's intra-day deals, zooming up to 20 per cent.
India became the first country to land a spacecraft near the moon's south pole with Chandrayaan-3
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