Paras Defence and Space shines on signing agreement with Northstar
Paras Defence and Space is currently trading at Rs. 752.40, up by 46.15 points or 6.53% from its previous closing of Rs. 706.25 on the BSE.
The scrip opened at Rs. 708.20 and has touched a high and low of Rs. 773.70 and Rs. 708.20 respectively. So far 314842 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 971.80 on 19-May-2025 and a 52 week low of Rs. 490.68 on 15-Apr-2025.
Last one week high and low of the scrip stood at Rs. 773.70 and Rs. 652.25 respectively. The current market cap of the company is Rs. 6066.21 crore.
The promoters holding in the company stood at 53.20%, while Institutions and Non-Institutions held 6.21% and 40.60% respectively.
Paras Defence and Space Technologies has signed an agreement with Bandak Aviation Inc. DBA Northstar, USA (Northstar) to supply and support Northstar products such as air-to-air refueling systems & accessories along with associated services for Indian Armed Forces. The agreement is for a period of ten total years.
Northstar is a leading company with extensive capabilities and relationship relating to the designs, development, manufacturing, enhancement, and provisioning of the Northstar aerial (air-to-air) refueling product line, for various airborne platforms.
