SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Paras Defence zooms on entering into licensing agreement for transfer of technology

31 Jan 2024 Evaluate

Paras Defence And Space Technologies is currently trading at Rs. 805.00, up by 19.05 points or 2.42% from its previous closing of Rs. 785.95 on the BSE.

The scrip opened at Rs. 796.25 and has touched a high and low of Rs. 813.45 and Rs. 790.00 respectively. So far 75071 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 848.00 on 08-Sep-2023 and a 52 week low of Rs. 447.10 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 816.95 and Rs. 765.00 respectively. The current market cap of the company is Rs. 3115.13 crore.

The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 3.22% and 37.84% respectively.

Paras Defence and Space Technologies (Paras Defence) and Instrument Research & Development Establishment (IRDE), DRDO have entered into a ‘Licensing Agreement for Transfer of Technology’ (LAToT) on January 30, 2024 for transferring the technology of Remote Control Border Defence System named as ‘Weaponisation of Hand Held Thermal Imager with LRF (WHHTI)’ as developed by IRDE, DRDO.

Weaponisation of Hand Held Thermal Imager with Laser Range Finder is a remotely controlled weapon station, which is a unique standalone system equipped with detection, identification and counter-measure of threats at the Border and Sensitive Areas. With this technology, Paras Defence will be able to manufacture and sell WHHTI in India to Indian Armed Forces/MoD/Govt. of India/Para Military Forces.

Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. 


Paras Defence &Space Share Price

787.80 -23.30 (-2.87%)
20-Apr-2026 14:49 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×