Paras Defence moves up on bagging order worth Rs 35.68 crore
Paras Defence is currently trading at Rs. 702.60, up by 13.10 points or 1.90% from its previous closing of Rs. 689.50 on the BSE.
The scrip opened at Rs. 698.00 and has touched a high and low of Rs. 706.15 and Rs. 685.45 respectively. So far 32871 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. 706.15 and Rs. 646.95 respectively. The current market cap of the company is Rs. 5655.62 crore.
The promoters holding in the company stood at 53.20%, while Institutions and Non-Institutions held 7.15% and 39.65% respectively.
Paras Defence and Space Technologies has received an order from Ministry of Defence, Government of India valued at around Rs 35.68 crore (incl GST) for supply of Portable Counter-Drone Systems (PCDS) (Anti-Drone). The order is to be executed by May 2026 (tentatively).
Earlier, the company’s subsidiary -- Paras Anti-Drone Technologies (Paras Anti-Drone) had received an order from Ministry of Defence, Government of India valued at around Rs 3.95 crore (incl GST) for Anti-Drone Systems such as Radio Frequency (RF) Jammers.
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.
