Paras Defence rises on winning contract for Realization of Optronic Periscopes for ICS
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Paras Defence And Space Technologies is currently trading at Rs. 563.80, up by 9.00 points or 1.62% from its previous closing of Rs. 553.20 on the BSE.
The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 573.00 and Rs. 560.00 respectively. So far 38295 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 811.35 on 19-Sep-2022 and a 52 week low of Rs. 447.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 573.00 and Rs. 551.00 respectively. The current market cap of the company is Rs. 2163.72 crore.
The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 3.10% and 37.96% respectively.
Paras Defence and Space Technologies has won the contract for Realization of Optronic Periscopes for ICS amounting to around Rs 53 crore (Excluding Applicable Taxes) dated June 15, 2023, from Instrument Research & Development Establishment (IRDE), Government of India, Ministry of Defence, DRDO.
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.
