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Paras Defence Wins Defence Ministry Deal | Eldeco Infra IPO to Open Soon | Top Buzzing Stocks Today
Mon, 6 Oct Pre-Open

Paras Defence Wins Defence Ministry Deal | Eldeco Infra IPO to Open Soon | Top Buzzing Stocks TodayImage source: Thitima Uthaiburom/www.istockphoto.com

The benchmark indices continued their upward momentum, ended the session in green.

Indian equity markets indices Senex and Nifty higher on Friday for the second consecutive session, supported by positive sentiments around the Reserve Bank of India's (RBI's) policy decision.

At the closing bell on Friday, the BSE Sensex  closed higher by 224 points (up 0.3%).

Meanwhile, the NSE Nifty closed 58 points higher (up 0.2%).

Tata teel,, Power Grid Corp, Axis Bank among the top gainers today.

Tech Mahindra, Maruti Suzuki, Sun Pharma on the hand, were among the top losers today.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE MidCap index ended 0.7% higher and BSE SmallCap index ended 1.1% higher.

Baring realty sector and healthcare sector all other sectoral indices were trading positive on Friday with stocks in metal sector and financial industrial sector witnessed buying.

Speaking of stock markets, Research Analyst at Equitymaster, Richa Agarwal, shares how India's 1991 economic crisis sparked reforms that led to liberalization and long-term growth.

Today, with India becoming the fourth-largest economy, new challenges like fragile global supply chains call for self-reliance. She points out the government's recent approval of four semiconductor plants with Rs 46 billion investment. This move reflects India's commitment to building a robust semiconductor ecosystem.

She highlights two lesser-known companies in the semiconductor space - Arkan Chemical and Autus Chemicals (Ami Organics). Arkan is moving into silicon carbide devices for EVs and defence, while Ami Organics has a South Korea JV for chip-related chemicals. These risky but strategic moves reflect India's growing ambition in the global chip industry.

Tune in for more...

Top buzzing stocks today

Reliance Industries shares price will be in focus today.

Shares of Reliance Industries came into focus as its FMCG division, Reliance Consumer Products, makes a calculated move into India's Rs 300 billion (bn) packaged water market.

The company is getting ready to introduce Campa Sure, a new mass-priced bottled water brand, with aggressive pricing to upend the highly competitive and fragmented market.

Unimech Aerospace shares will also be a top buzzing stock.

Shares of Unimech Aerospace and Manufacturing declined 5% after the company informed that it continued to experience a slowdown in revenues in the September quarter (Q2FY26).

Atlantaa Ltd Secures New Contract

Shares of Atlantaa Ltd came into focus after the company signed a contract with IRCON International Ltd. for Rs 24.8 billion (bn).

The company had signed a contract with IRCON International to build the Bhandara-Gadchiroli Access Controlled Motorway in Maharashtra.

The project encompasses Package BG-03, which is 34.786 km long and extends from km 34+750 at Sarandi Bk, Tq. Lakhandur, Dist. Bhandara, to km 69+536 at Kinhi, Tq. Bramhapuri, Dist. Chandrapur. According to the statement, the subcontract is worth Rs 24.8 bn.

IRCON was the lowest bidder (L-1) for the package after submitting its bid for the project in accordance with all legal and tender requirements established by the Maharashtra State Road Development Corporation (MSRDC).

Atlantaa Limited is a leading infrastructure development company that specializes in constructing roads, highways, bridges, runways and real estate development, while also engaging in mining activities for coal and limestone.

Paras Defence Wins Defence Ministry Deal

Shares of Paras Defence came into focus after the company said its arm, Paras Anti-Drone Technologies, has bagged an order worth Rs 0.5 bn from the Ministry of Defence, Government of India (GoI).

The company will have to provide anti-drone systems, like drone jammers, in accordance with the order's terms.

Delivery of the order is tentatively scheduled for March 2026.

Last month, Paras Defence received an international order from Elbit Security Systems Limited, Israel valued at approximately Rs 0.34 bn for ElectroOptics.

Paras Defence delivers turnkey solutions that integrate concept design, development, and final commissioning. Its portfolio caters to mission-critical requirements of defence forces and space organisations, making it a trusted partner in boosting India's strategic capabilities.

Eldeco Infra IPO to Open Soon

Eldeco Infrastructure, a Haryana-based real estate developer, has filed its Draft Red Herring Prospectus (DRHP) with market regulator.

A new issue of equity shares totalling up to Rs 8 bn and an offer for sale (OFS) of equity shares totalling up to Rs 2 bn by promoters selling shareholders make up the first public offering.

Equity shares with a face value of Rs 5 each make up the entire offer size, which adds up to Rs 10 bn.

A pre-IPO placement of up to Rs 1.6 bn may be chosen by the company after consulting with the book-running lead managers. The size of the new issue will be lowered appropriately if this placement occurs.

The DRHP states that the company plans to use Rs 6 bn of the net proceeds from the new issue to pay back or prepay debt that was obtained by Eldeco Infracon Realtors, a significant subsidiary of the company. The remaining funds will be used for general corporate purposes.

Eldeco Infrastructure is a prominent real estate developer in North India, operating since 2000 with a strong presence in Delhi-NCR and tier II & III cities.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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