Paras Defence gains after ICRA reaffirms ratings for long-term, short-term facilities
Paras Defence And Space Technologies is currently trading at Rs 1646.00, up by 13.20 points or 0.81% from its previous closing of Rs 1632.80 on the BSE.
The scrip opened at Rs 1632.80 and has touched a high and low of Rs 1659.85 and Rs 1622.20 respectively. So far 53019 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 1943.60 on 19-May-2025 and a 52-week low of Rs 802.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 1660.00 and Rs 1545.55 respectively. The current market cap of the company is Rs 6648.45 crore.
The promoters holding in the company stood at 53.74%, while Institutions and Non-Institutions held 6.78% and 36.17% respectively.
Credit Rating Agency -- ICRA has reaffirmed the ratings for the long-term and short-term facilities of Paras Defence and Space Technologies with a change in Outlook from ‘Stable’ to ‘Positive’.
ICRA has reaffirmed Paras Defence’s Long Term - Fund Based-Overdraft and Long Term - Fund Based - Cash Credit rating to ‘A-’(Positive).
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.
