Introduction:
A leading defence stock has entered into a strategic partnership with an Israeli firm to exclusively collaborate in India on advanced ISR payloads, aiming to boost indigenous defence capabilities and strengthen surveillance technologies for drones and unmanned aerial platforms.
Share Price movement of Paras Defence & Space Technologies:
On April 2, 2025, Paras Defence & Space Technologies Limited opened at ₹977.15, reaching a high of ₹995.70,up 1.89% from the previous close of ₹977.15 and low of ₹955.80. The stock is currently trading at ₹979.55, up 0.25%, with a market cap of ₹3,953.61 Crores.
Paras Defence & Space Technologies signed new MoU:
Paras Defence & Space Technologies Limited (PARAS) has signed a Memorandum of Understanding (MoU) with MicroCon Vision Ltd, a member of Israel-based CONTROP and the Rafael Group, for enhancing collaboration in advanced defence technology and surveillance systems.
MicroCon is a design and production expert in ISR payloads and EO/IR seekers for drones and UAVs. The partnership brings this capability to the Indian market through a strategic alliance.
Under the MoU, the entities will serve as the sole partners in India, focusing on Micro ISR payloads only. This partnership is expected to enhance the country’s defence strength and promote indigenous defence technology development in line with the country’s overarching goals.
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Recent news About Paras Defence & Space Technologies:
On March 20, 2025, Paras Defence bagged a ₹142.31 crore contract from DRDO’s CHESS to develop a high-powered anti-drone laser system, with project completion targeted within 24 months, enhancing India’s defence technology and counter-drone capabilities significantly.
Stock performance of Paras Defence & Space Technologies for Period of 1 week, 6 months and 1 year:
Paras Defence & Space Technologies stock dipped 0.30% over the past week and declined 8.88% in the last six months. However, it delivered a strong 45.5% return over the one-year period, reflecting notable long-term investor interest despite recent short-term corrections.
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Shareholding pattern of Paras Defence & 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 & Space Technologies:
Paras Defence & Space Technologies Ltd (NSE: PARAS) is an Indian defence and space engineering company specializing in optics, electronics, and heavy engineering. It supports indigenous defence production, catering to sectors like aerospace, space research, and homeland security with advanced technology and strategic manufacturing capabilities.
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.
