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Paras Defence shares surge following a new international order. The company will supply its CHIMERA 200 anti-drone system to French firm Cerbair. The deal is worth Rs 22.21 crore. This order highlights India's growing capabilities in defence technology exports. The company's stock has shown strong performance in recent months. Technical indicators suggest continued strength.
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Shares of Inox Wind rose nearly 4% after Motilal Oswal initiated coverage with a Buy rating and a target price of Rs 210. The brokerage cited strong order visibility, robust O&M capacity, and vertically integrated operations as key strengths, projecting a 21% upside from current levels and long-term potential in Indias growing wind energy market.
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RITES shares surged over 6% to Rs 296 following the announcement of a USD 3.6 million international contract from African Rail Company. This order involves supplying and commissioning two fully overhauled ALCO diesel-electric locomotives for deployment in Zimbabwe, Mozambique, and Botswana. The project, expected to be completed within 9 months, includes warranty support and technical deployment.
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