After recording double-digit gains last week, defence stocks rallied up to 19% on Tuesday morning with Paras Defence and GRSE topping the list. The shares of Paras Defence zoomed 19% to hit a fresh 52-week high of Rs 1,373.80 on BSE amid a block deal of 3.29 lakh shares, while PSU defence stock GRSE was … Read more
Paytm shares surged 4% to Rs 442 in Tuesday’s trade on BSE following reports that the company is in talks with Zomato to sell its movie ticketing business. Zomato shares also rose 1.5% in early trade.In an exchange filing, Zomato acknowledged, “We are in discussions with Paytm for the aforementioned transaction, but no binding decision … Read more
Amit N Mahajan, Director, Paras Defence, says “Paras Defence is currently focussing on the domestic market because it is not just that the domestic market is the biggest market, but it also has a preferential procurement policy in favour of companies like us. So, the export market becomes a plan B. Plan A always will … Read more
