Paras Defence rises on executing Technology Transfer Agreement with NSIL
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Paras Defence And Space Technologies is currently trading at Rs. 647.95, up by 4.55 points or 0.71% from its previous closing of Rs. 643.40 on the BSE.
The scrip opened at Rs. 644.20 and has touched a high and low of Rs. 653.50 and Rs. 644.20 respectively. So far 2704 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 837.55 on 10-Nov-2021 and a 52 week low of Rs. 524.30 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 668.05 and Rs. 625.00 respectively. The current market cap of the company is Rs. 2535.00 crore.
The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 3.14% and 37.92% respectively.
Paras Defence and Space Technologies has executed ‘Technology Transfer Agreement’ with New Space India (NSIL) and by virtue of this agreement Paras will develop, manufacture and sale Optical Imaging Systems in India and Abroad under the administrative control of Department of Space (DOS), Government of India.
Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions.
