Paras Defence gains on signing teaming agreement with HPS GmBH, Germany
Paras Defence And Space Technologies is currently trading at Rs. 649.50, up by 5.75 points or 0.89% from its previous closing of Rs. 643.75 on the BSE.
The scrip opened at Rs. 638.90 and has touched a high and low of Rs. 653.50 and Rs. 632.85 respectively. So far 10385 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. 401.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 667.50 and Rs. 608.50 respectively. The current market cap of the company is Rs. 5187.81 crore.
The promoters holding in the company stood at 53.74%, while Institutions and Non-Institutions held 8.80% and 37.46% respectively.
Paras Defence and Space Technologies (PARAS) has signed a Teaming Agreement with High Performance Space Structure Systems (HPS) GmBH, Germany with an intention to working together for projects related to Defence & Space in the Indian Region. HPS has experience and expertise in the area of Design, Manufacturing, Integration and Test of Unfurlable/Deployable Antenna Reflector Subsystems for Space Applications and in other areas such as solid reflector antennas, lightweight structures, thermal hardware, nanosatellite equipment.
PARAS and HPS will complement the unique capabilities of each other and will collaborate exclusively with each other for the cutting-edge identified Product i.e. Unfurlable/Deployable Antenna Reflector Subsystems (including reflector and arm assembly, HDRM, Thermal Hardware, Deployment Electronics) in the Indian region. The agreement is for a period of two years and may be extended for a further period, based on mutual agreement between the parties.
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.
