Introduction:
Defence stock secured a ₹142.31 crore domestic order from DRDO’s CHESS, Ministry of Defence. The project involves developing a Laser Source Module and Beam Control System for Anti-Drone and Anti-Missile applications, enhancing its position in advanced defence technology solutions.
Share Price movement of Paras Defence and Space Technologies:
On March 20, 2025, Paras Defence and Space Technologies Limited opened at ₹975.00, reaching a high of ₹1,047.70, up 7% from its previous close of ₹953.85, with a low of ₹975.00. The stock is currently trading at ₹1,017.75, with a market cap of ₹4,100.89 Crores.
Paras Defence and Space Technologies received order:
Paras Defence and Space Technologies received a ₹142.31 crore order from DRDO’s CHESS, Ministry of Defence. The project involves developing a Laser Source Module integrated with a Beam Control System on a mobile platform for Anti-Drone and Anti-Missile applications.
The order is domestic and will be completed within 24 months. It forms part of the High-Power Laser System project, emphasizing advanced defence technologies. There is no promoter or related party interest involved, ensuring transparency in the transaction.
This significant project strengthens Paras Defence’s position in high-tech defence solutions. The company officially disclosed the order under SEBI regulations, reflecting its growing role in India’s indigenous defence capabilities and strategic technology advancements.
Also Read: Defence stock jumps 4% after acquiring 45.33% paid up capital in Bhairav Robotics
Stock performance of Paras Defence and Space Technologies for Period of 1 week, 6 months and 1 year:
Paras Defence and Space Technologies stock gained 6.29% over the past week, showing short-term strength. However, it recorded a decline of 15.2% in the last six months. Despite this, the stock delivered an impressive 52% return over the one-year period.
Also Read: Electric equipment stock jumps after receiving orders worth ₹1,647 Cr in T&D & Railway businesses
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 Ltd (NSE: PARAS) is a leading company specializing in defence and space engineering solutions. It designs, develops, and manufactures advanced defence equipment, optics, and aerospace components, supporting India’s indigenous defence capabilities and contributing to strategic technology advancements.
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.
