Paras Defence moves up on signing MoU with MicroCon Vision
Paras Defence and Space Technologies is currently trading at Rs. 980.55, up by 3.20 points or 0.33% from its previous closing of Rs. 977.35 on the BSE.
The scrip opened at Rs. 988.95 and has touched a high and low of Rs. 993.00 and Rs. 955.05 respectively. So far 20001 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. 645.00 on 02-Apr-2024.
Last one week high and low of the scrip stood at Rs. 1001.30 and Rs. 950.00 respectively. The current market cap of the company is Rs. 3951.00 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 (PARAS) has signed a Memorandum of Understanding (MoU) with MicroCon Vision (MicroCon), part of CONTROP and the Rafael Group, Israel. MicroCon has experience and expertise in the design, development, production and marketing of ISR (Intelligence, Surveillance and Reconnaissance) payloads and EO/IR (Electro-Optical/Infra-Red) Seekers for Drones and Unmanned Aerial Vehicles. PARAS and MicroCon will be exclusive partners in India for working together on the Micro ISR payloads.
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.
