Paras Defence gains after its arm launches PARAS.AI drone IT product

Paras Defence And Space Technologies is currently trading at Rs. 653.60, up by 4.70 points or 0.72% from its previous closing of Rs. 648.90 on the BSE.

Paras Defence
Paras Defence

The scrip opened at Rs. 657.00 and has touched a high and low of Rs. 663.70 and Rs. 641.00 respectively. So far 17958 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1272.05 on 25-Oct-2021 and a 52 week low of Rs. 456.00 on 01-Oct-2021.

Last one week high and low of the scrip stood at Rs. 665.00 and Rs. 633.00 respectively. The current market cap of the company is Rs. 2554.89 crore.

The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 4.21% and 36.85% respectively.

Paras Defence and Space Technologies’ subsidiary — Paras Aerospace has launched PARAS.AI (artificial intelligence) drone information technology product that would enable data processing requirements of powerline, solar, wind, mining sectors and pipeline inspection work.

Paras Aerospace is the only drone company to have indigenous camera payload manufacturing along with electronics, advanced composite and hardware capabilities. Paras Aerospace has a portfolio of products, unmanned aerial vehicle (UAV) sub-systems including multispectral cameras, electro-optic cameras among others.

Paras Aerospace has a portfolio of products, unmanned aerial vehicle (UAV) sub-systems including multispectral cameras, electro-optic cameras among others.

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.

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