Introduction:
A leading defence stock has signed an MoU with the Maharashtra government to establish an Optics Park in Navi Mumbai, set to launch in 2028, marking a milestone in India’s optical technology advancements and defence sector innovation.
Share Price movement of Paras Defence and Space Technologies:
On January 23, 2025, Paras Defence and Space Technologies Ltd opened at ₹1,060. By 11:53 AM, it traded at ₹1,102.15, up by 6.75%. Previous close was ₹1032.50, the stock hit a high of ₹1,129.00 and a low of ₹1,050.00, with a market cap of ₹2,808.97 crore.
Paras Defence and Space Technologies signed MoU:
Paras Defence and Space Technologies Limited has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to establish an Optics Park Project in Navi Mumbai. The project is expected to commence in 2028, marking a significant milestone for India’s optical technology sector.
The company plans to invest ₹12,000 crore over 10 years, creating around 2,000 direct jobs. The Optics Park aims to become India’s first technology hub for optics and optical technologies, contributing to the country’s technological advancements and economic growth.
The Government of Maharashtra will support the project by providing necessary approvals, clearances, and fiscal incentives as per its policies. Paras Defence remains committed to advancing optical technologies while strengthening its partnership with the state government.
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Recent news About Paras Defence and Space Technologies :
On January 22, 2025, Paras Defence and Space Technologies approved stock options under the Employee Stock Option Plan 2024 for eligible employees. The announcement complies with SEBI regulations and details are available on the company’s website.
Stock performance of Paras Defence and Space Technologies for Period of 1 week, 6 months and 1 year:
Paras Defence and Space Technologies stock delivered a 1.85% return over the past week. However, it saw a decline of 20.8% over six months, while achieving a strong 35.9% return over the last year, reflecting mixed performance across different periods.
Also Read: Best Sectors To Watch For Budget 2025
Shareholding pattern of Paras Defence and Space Technologies:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 57.05 | 58.94 | 58.94 |
FII | 4.84 | 3.46 | 2.97 |
DII | 1.48 | 0.63 | 0.07 |
Retail & others | 36.61 | 36.96 | 38 |
About Paras Defence and Space Technologies:
Paras Defence and Space Technologies specializes in designing, developing, and manufacturing advanced defence and space engineering products. It caters to India’s strategic sectors, including defence, space, and optics, contributing significantly to technological innovation and national security infrastructure.
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.