Paras Defence zooms on bagging incremental orders worth Rs 26.6 crore
Paras Defence and Space Technologies is currently trading at Rs. 675.30, up by 21.25 points or 3.25% from its previous closing of Rs. 654.05 on the BSE.
The scrip opened at Rs. 658.15 and has touched a high and low of Rs. 678.00 and Rs. 658.15 respectively. So far 33842 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. 693.80 and Rs. 641.00 respectively. The current market cap of the company is Rs. 5390.08 crore.
The promoters holding in the company stood at 53.74%, while Institutions and Non-Institutions held 8.80% and 37.45% respectively.
Paras Defence and Space Technologies has received incremental orders worth Rs 26.6 crore (including taxes) from Opto Electronics Factory (OLF), a Unit of India Optel, Govt. of India Enterprise, Ministry of Defence, Dehradun. The incremental orders are for the supply of Electronic Control Systems used in Thermal Imaging Fire Control System (TIFCS) for Battle-Tank application delivered by OLF to Indian Armed Forces. The orders are to be executed from December 2025 to September 2026.
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.
