Paras Defence gains as its arm receives Second Type Certificate from DGCA for Agri Drone
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Paras Defence And Space Technologies is currently trading at Rs. 750.30, up by 7.20 points or 0.97% from its previous closing of Rs. 743.10 on the BSE.
The scrip opened at Rs. 749.80 and has touched a high and low of Rs. 765.00 and Rs. 749.00 respectively. So far 19126 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 848.00 on 08-Sep-2023 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. 765.00 and Rs. 722.90 respectively. The current market cap of the company is Rs. 2930.85 crore.
The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 3.27% and 37.78% respectively.
Paras Defence and Space Technologies’ subsidiary -- Paras Aerospace has received Second Type Certificate from DGCA (Directorate General of Civil Aviation), Drone Directorate, Govt. of India, for it’s Agri Drone - ‘Paras-Agricopter V2.1’.
This certification will enable execution of existing contracts of Paras Aerospace for ‘Paras-Agricopter V2.1’ and will further unlock new prospects in the Agricultural Drone Industry. The certification is received for MEDIUM Drone Category, where Paras Aerospace's high-quality and cost-efficient Drone meets all the DGCA criteria’s and enhances its suitability for various applications.
The DGCA Type Certification is granted following an extensive evaluation and certification procedure for Unmanned Aerial Vehicles (UAV), validating the drone's design and quality. Paras Aerospace believes that this is one of the biggest milestones in their journey of offering World Class, Made in India Agri Drones.
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.
