Paras Defence jumps on winning order worth Rs 142.31 crore
Paras Defence And Space Technologies is currently trading at Rs. 1019.00, up by 65.40 points or 6.86% from its previous closing of Rs. 953.60 on the BSE.
The scrip opened at Rs. 978.35 and has touched a high and low of Rs. 1046.95 and Rs. 978.35 respectively. So far 33472 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1592.75 on 05-Jul-2024 and a 52 week low of Rs. 608.75 on 28-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1046.95 and Rs. 881.15 respectively. The current market cap of the company is Rs. 4178.86 crore.
The promoters holding in the company stood at 57.05%, while Institutions and Non-Institutions held 6.33% and 36.62% respectively.
Paras Defence and Space Technologies has received an order from Center for High Energy Systems & Sciences (CHESS), DRDO, Ministry of Defence, Government of India, Hyderabad valued at around Rs 142.31 crore (including taxes) for Development of Laser Source Module and Integration with Beam Control System (BCS) on Mobile Platform. This is a part of the order of High-Power Laser System meant for Anti Drone and Anti-Missile applications. The order is to be executed within 24 months.
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.
