Paras Defence: Stock in radar after bagging ₹80.28 Cr DRDO order for air defence optics
News by Aliceblue News Desk
09 Mar 2026
Introduction
Leading defence technology firm wins DRDO order worth Rs. 80.28 crore to develop high-precision optical systems for air defence, with an 18-month execution timeline.
Share price movement of Paras Defence
On March 9, 2026, Paras Defence and Space Technologies Ltd opened at ₹760.05, up 1.62% from its previous close of ₹747.80. The stock reached a high of ₹770.00 (2.99%) and a low of ₹708.60 (–5.23%). By 4:00 PM, it traded at ₹719.10, a 3.84% decrease, with a market cap of ₹5,795.03 crore.
Paras Defence Bags DRDO Order
Paras Defence and Space Technologies Limited has received an order from DRDO, Ministry of Defence, for developing a high-precision optical system for air defence applications. The order value is approximately Rs. 80.28 crore.
The contract is domestic and awarded by DRDO. The project involves development and delivery of high-precision optical systems for air defence, critical to India’s defence modernization programs.
The execution timeline for the order is 18 months from the date of supply order. Paras Defence will deliver the project as per DRDO requirements and contractual terms.
Stock performance of Paras Defence for period of 1 week, 6 months, and 1 year
Paras Defence and Space Technologies Ltd delivered an 11.7% return over the past week, gained 13.0% in the past 6 months, and rose 55.2% over the past 1 year.
Shareholding pattern of Paras Defence
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 |
| Promoter | 53.20% | 53.20% | 53.70% |
| FII | 4.90% | 5.70% | 6.90% |
| DII | 1.30% | 1.50% | 1.90% |
| Public | 40.60% | 39.60% | 37.50% |
About Paras Defence
Paras Defence and Space Technologies Ltd (NSE: PARAS) designs, develops, manufactures, and tests defence and space engineering products, serving Defence & Space Optics, Defence Electronics, Heavy Engineering, and EMP protection 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
Q: Why is Paras Defence and Space Technologies Ltd share price rising today?
A: Paras Defence and Space Technologies Ltd received a DRDO order worth Rs. 80.28 crore for high-precision optical systems for air defence.
Q: What is Paras Defence and Space Technologies Ltd’s main business focus?
A: Paras Defence and Space Technologies Ltd focuses on designing, developing, manufacturing, and testing defence and space engineering products across multiple segments.
Q: What are the 52-week high and low of Paras Defence and Space Technologies Ltd stock?
A: Paras Defence and Space Technologies Ltd recorded a 52-week high of ₹971.80 and a 52-week low of ₹401.00.
News Author
Aliceblue News Desk
