Paras Defence touches roof on bagging order worth Rs 42.05 crore
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Paras Defence And Space Technologies is currently trading at its upper circuit limit of Rs. 1008.35, up by 48.00 points or 5.00% from its previous closing of Rs. 960.35 on the BSE.
The scrip opened at Rs. 965.00 and has touched a high and low of Rs. 1008.35 and Rs. 965.00 respectively. So far 16990 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. 1009.55 and Rs. 896.35 respectively. The current market cap of the company is Rs. 3869.60 crore.
The promoters holding in the company stood at 58.94 % while Institutions and Non-Institutions held 4.10 % and 36.96 % respectively.
Paras Defence and Space Technologies has received an order from Opto Electronics Factory (OLF), a Unit of India Optel Ltd., Government of India Enterprise, Ministry of Defence, Dehradun, valued at approximately Rs 42.05 crore (plus taxes) for supply of 5 types of Electronic Control Sub-Systems used in Thermal Imaging Fire Control System (TIFCS) delivered by OLF to Indian Armed Forces. The said order is expected to be completed 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.
