Paras Defence and Space Technologies shares surged following strong September quarter results, with net profit jumping 50% and revenue climbing 22%. The company also secured a significant Rs 35.68 crore order from the Ministry of Defence for Portable Counter-Drone Systems, alongside a Rs 3.95 crore order for Radio Frequency Jammers. This positive news has propelled the stock to new highs.
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S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
Artificial intelligence deals propelled the S&P 500 and Nasdaq higher on Monday, with Amazon's $38 billion agreement with OpenAI and Nvidia's chip allocation boosting tech stocks. Despite a foggy monetary policy outlook due to scarce economic data and a government shutdown, market sentiment was supported by positive trade news and dovish Fed commentary.
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