Mumbai, October 3 (Udaipur Kiran News): Shares of Paras Defence and Space Technologies surged over 2.8% on Thursday after its subsidiary, Paras Anti-Drone Technologies, bagged a ₹46.19 crore order (including GST) from the Ministry of Defence, Government of India.
The order is for the supply of Anti-Drone Systems, including Drone Jammers, and is scheduled to be executed by March 2026.
At the BSE, the stock was trading at ₹710.15, up ₹19.50 or 2.82% from the previous close of ₹690.65. It opened at ₹690.85 and touched an intraday high of ₹714.00 and low of ₹690.85. Around 15,518 shares changed hands during the session.
The company’s market capitalization stands at ₹5,745.47 crore. The scrip has a 52-week high of ₹971.80 (May 19, 2025) and a 52-week low of ₹401.00 (April 7, 2025).
Promoters hold 53.74%, while institutions and non-institutional investors own 8.80% and 37.45%, respectively.
Paras Defence and Space Technologies is engaged in the design, development, manufacturing, and testing of a wide range of defence and space engineering products and solutions.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
