The partnership is expected to enhance Paras Defence’s product portfolio and open opportunities in high-value defence contracts, strengthening its role in India’s self-reliance drive.
The partnership is expected to enhance Paras Defence’s product portfolio and open opportunities in high-value defence contracts, strengthening its role in India’s self-reliance drive.
HAL secured another GE-404 engine for the Tejas Mk1A programme, while Apollo Micro Systems signed a rocket propulsion MoU and MTAR bagged ₹386 crore in fuel-cell orders, adding to the sector’s momentum.
Analysts flagged volatility near 25,000 support with FPIs pulling $11.7 billion YTD, though domestic inflows and select sectoral strength continue to provide a cushion.
MTAR Technologies, Garden Reach Shipbuilders & Engineers (GRSE), Astra Microwave Products, BEML, and Bharat Dynamics (+5.8%) were the top 5 gainers on the defense index.