Paras Defence and Space Technologies is currently trading at Rs. 765.00, up by 32.60 points or 4.45% from its previous closing of Rs. 732.40 on the BSE.
The scrip opened at Rs. 770.00 and has touched a high and low of Rs. 789.00 and Rs. 756.00 respectively. So far 66642 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. 789.00 and Rs. 661.25 respectively. The current market cap of the company is Rs. 2983.50 crore.
The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 11.96% and 29.10% respectively.
Paras Defence and Space Technologies has been chosen by the DRDO as one of the companies for handing over the technology of Border Surveillance Systems as developed by Instruments Research & Development Establishment and Defence Research and Development Organization (DRDO).
This technology has been transferred by a licensing agreement for transfer of technology for Border Surveillance Systems entered between the company, IRDE & DRDO. This system shall provide all weather surveillance for day and night monitoring of the border areas, it shall consist of Radar, EO sensors etc., mounted on Pan Tilt platforms. With this ToT (Transfer of Technology) the company shall be serving the requirement of the armed forces of the Nation.
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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