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Paras Defence is India's sole Infrared Optics producer. It is a leading private sector company in India engaged in designing, manufacturing, developing, and testing defence and space engineering products and solutions.
The company has five major product category offerings - Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies.
The Tier 2 defence engineering firm is one of the most advanced and offers a large number of defence goods and solutions. They have an excellent client base with names such as ISRO, Bharat Dynamics, HAL, TCS, Tata Power and others.
The first public offering (SME IPO) for Paras Defense and Space Technologies will all begin next week from 21 September to 23 September. The IPO's size concerns Rs.170 crore including Rs.140 crore fresh and Offering for Sale (OFS) of Rs.30 crore.
Subscription Dates21 – 23 September 2021Price BandINR165 – 175 per shareFresh issueINR140.6 croreOffer For Sale1,724,490 shares (INR28.45 – INR30.18 crore)Total IPO sizeINR169.05 – 170.78 croreMinimum bid (lot size)85 sharesFace Value INR10 per shareRetail Allocation35%Listing OnNSE, BSE
This SME IPO shows that the QIB part is 50 per cent reserved, while the Retail portion is reserved at 35 per cent. on the other hand, 15% of the NII component is retained.
For the six months ending on 30 September 2020, the firm has recorded overall revenues of Rs. 149.05 crore and Rs.37.94 crore. Consolidated PAT (profit after tax) in FY 2020 was Rs. 19.65 and for the six-month period ending 30 September 2020, it caused a loss in the amount of Rs. 14 lakh.
In 2021 the profit was Rs.15.79 crore compared with Rs.19.66 crore in 2020. In recent years the company has performed stably and will continue to do the same thing that will result in consistent business growth.
According to Swastika Investmart Analyst, eyeing the government's focus on the Space and Defense sector, it is expected that both the segments of the company are likely to be benefited. The "Make in India" campaign by the government to be self-reliant by 2027 will give a boost to the industry.
Since there are no listed players in the industry it is difficult to make an apple to apple comparison. The company is going to be listed in T2T-Segment.
The financials of the company has been mixed. However, in the long company may benefit from the initiatives by the government and is expected to perform well. The company has a strong order book and the IPO is priced at PE of 31x. Thus, we recommend a "Subscribe" rating to the IPO.
Bulls are taking a breather after a strong bull run but they are still in a mood to take forward the market towards a new milestone as there are no signs of weakness in the Indian markets.
There has been less participation from the institutional, which is leading to some consolidation in the market but in the last week, we saw there is decent buying in many quality midcaps and smallcap stocks beneath the flat headline indices.
Global Markets are also in a consolidation mood while Japanese markets are outperforming the developed markets. Global cues will be a key tracker for market behavior as there are some macroeconomic data are lined up next week like China's industrial production, US inflation numbers.
China's industrial production data for August will be announced on 15 September 2021. The US will announce the inflation rate for August 14 September 2021. US Retail Sales for August will be announced on 16 September 2021.
On the domestic front, The Wholesale price index (WPI) inflation for August 2021 is due on 14 September. After a muted or less than expected monsoon in August, the market will eye on September as the monsoon is picking up.
The dollar index is again cooling off after facing resistance at the 92.8 marks and if it continues to fall from here then we can again see FIIs' buying to pick up which may help headline indices to gain momentum for new highs. Rising COVID cases in many countries could be a challenge but the markets are ignoring it as of now because of liquidity and strong economic recovery.
In technical terms of the stock market trading, Nifty is in a strong bullish momentum but it ends last week with a small indecisive Doji candlestick formation.
Last week's high and low of 17436 and 17254 respectively will be important reference points where if Nifty starts to trade above 17436 levels then we can see levels of 17600/17750 in coming days while a move below 17254 can lead to some short term weakness where 17050/16900 will be the next support levels.
If we talk about bank nifty then it is still underperforming as investors have fintech companies as an alternative investment option to traditional banking business but it may catch up momentum soon.
It is consolidating above its 20-DMA of 36088 where 37000-37250 is an immediate resistance zone; above this, we can expect a move towards the 37700-38000 zone. On the downside, 36000 is strong support; below this, we can expect any weakness towards 35500/35000 levels. Open demat account with us and start your trading journey at an affordable brokerage rate.
India is currently the world's second-largest telecommunications market, with 1.16 billion subscribers, and has had rapid development over the previous decade. India's mobile economy is quickly developing and will contribute significantly to the country's Gross Domestic Product In 2019.
We can ascribe this growth to the government of India's liberal and reformist policies, as well as strong consumer demand, which has aided in the fast expansion of the Indian telecom sector. India overtook the United States as the second-largest market for app downloads.
Reliance Jio's entrance into the telecom market in 2016 sparked a price war among competitors vying for subscribers. The telecoms, on the other hand, have recently hiked rates.
As of September 2020
OperatorsSubscribers in MillionsMarket Share (Sep’20)JIO404.1235.3%Airtel326.6128.5%Vodafone-Idea295.4925.8%BSNL118.8910.4%Total1145.11100.0%
while as on 31 May 2021
The country's biggest telecom players include Jio, Vodafone Idea (Vi), Bharti Airtel, and the state-run BSNL. According to data from the Telecom Regulatory Authority of India, Jio has the greatest market share among wireless customers, with 36.15 per cent, followed by Airtel with 29.83 per cent and Vi with 23.83 per cent as of May 31st.
BSNL had a market share of 9.89 per cent, whereas MTNL had a market share of 0.028 per cent. 0.001% of the market was taken up by Reliance Communication.
The companies financial and operational profiles are resilient enough to respond to the industry's next phase of consolidation.
The Company was founded on August 24, 1910, and it was named Imperial Tobacco Company of India Limited. As the Company's possession gradually Indianised, the call of the Company was to modify its name to India Tobacco Company Limited in 1970 after which it got converted to I.T.C. Limited in 1974. Currently, its CEO is Mr Sanjiv Puri.
In reputation of the ITC's multi-commercial enterprise portfolio encompassing a huge variety of businesses such as Branded Packaged Foods, Personal Care, Education and Stationery, Agarbattis & Safety Matches, Lifestyle Retailing, Cigarettes & Cigars, Hotels, Paperboards & Specialty Papers, Packaging, Agri-business & IT. The Company now stands as ITC Limited.
FMCG - Total70.59%Hotel1.25%Agri Business15.14%Paperboards, Paper and Packaging8.61%IT & Others4.41%
It is the strategic goal of ITC to achieve long-term growth through synergy and combining the numerous pools of skills resident in its many firms to leverage new possibilities in the field of FMCG.
Some of the marks in ITC that have achieved considerable market prestige among consumers include Aashirvaad, Sunfeast, Bingo!, YiPPee!, Candyman, Mint-o & Kitchen of India in the Branded Packaged Foods area; Essenza Di Wills, Fiama, Vivel and Superia in the Personal Care product segment.
ITC selected the Hotels Commercial Enterprise for its capability to earn excessive ranges of overseas exchange, create tourism infrastructure and generate huge scale direct and oblique employment.
In 1975, the Company released its Hotels commercial enterprise with the purchase of a lodge in Chennai which became popular renamed now as My Fortune, Chennai. Since then ITC's Hotels commercial enterprise has grown to occupy a function of leadership, with over one hundred owned and controlled houses unfold throughout India, below 4 manufacturers namely, ITC Hotels - Luxury Collection, WelcomHotels, Fortune Hotels and WelcomHeritage.
ITC established the Agri-Business Division for the export of agricultural products, also in 1990 by utilizing its agri-sourcing expertise. Today the Division is a major exporter of India.
In 2000, ITC started with soy farmers in Madhya Pradesh the innovative and well-accepted e-Choupal programme. It now covers 10 countries encompassing over 4 million farmers. Vertical agri-duty services focused on increasing agricultural yield and enhancing the farming community interaction.
ITC provide a wide range of industrial requirements - ranging from cigarette papers and components to FMCG cartons and insulation papers to organic barrier coatings, from laminate ornamental base to writing and printing papers and many other things.
The ITC covers the whole gamut of panels - from 100% virgin, renewable and sustainable food-grade plates to 100% recycled plates.
The business offers a full line of products that turn paper, paper and film into consumer brand products with three existing production units in Tiruvottiyur near Chennai (south), Haridwar (north) and Munger in Bihar (east) certified to ISO 9001, ISO 14001 and ISO 45001, and is a "One Stop Store for Packaging." The company is set up in Nadiad, Gujarat with a Greenfield company to meet West India's regional requirements.
ITC Infotech focuses on deep and differentiated capacity development. In its speciality segments, the firm was successful and continues to acquire a competitive advantage to enhance its market position. The enterprise is devoted to creating a culture of innovation and enabling each employee to become its brand ambassador.
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