Paras Defence bags ₹7.72 crore airborne communication systems contractParas Defence bags ₹7.72 crore airborne communication systems contract

Introduction

Leading defence technology company receives DRDO order worth ₹7.72 crore for development of Ku/C-Band satellite communication phased array antennas for airborne applications.

Also Read: Ion Exchange partners with MANN+HUMMEL for advanced membrane technology

Share price movement of Paras Defence

On April 30, 2026, Paras Defence and Space Technologies Ltd opened at ₹808.95, down 0.23% from its previous close of ₹810.80. The stock reached a high of ₹816.95 (0.75%) and a low of ₹777.30. By 4:01 PM, it traded at ₹797.95, a 1.58% decrease, with a market cap of ₹6,430.47 crore.

Paras Defence Wins DRDO Order 

Paras Defence and Space Technologies Limited received an order from DRDO, Ministry of Defence valued at approximately ₹7.72 crore for development of Ku/C-Band satellite communication phased array antennas.

The project involves airborne application antenna systems and will be executed by April 29, 2028. The contract is domestic in nature and includes development work under defence technology requirements.

Stock performance of Paras Defence for period of 1 week, 6 months, and 1 year

Paras Defence and Space Technologies Ltd delivered a 1-week return of -2.21%, a 6-month return of 14.4%, and a 1-year return of 19.4%.

Also Read: Indian Hume Pipe jumps 5% after winning ₹458 Cr water supply project in Telangana

Shareholding pattern of Paras Defence

Particulars	Mar 2026	Dec 2025	Sep 2025
Promoter	53.20%	53.20%	53.20%
FII	5.10%	4.90%	5.70%
DII	1.20%	1.30%	1.50%
Public	40.50%	40.60%	39.60%

About Paras Defence

Paras Defence and Space Technologies Ltd (NSE Symbol: PARAS) designs, develops, manufactures, and tests defence and space engineering products across optics, electronics, and heavy engineering segments.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs