Paras Defence Shares Climb As Subsidiary Gets Loi From French Anti-drone Leader Cerbair

Shares of Paras Defence and Space Technologies Ltd roseate 2.15 per cent successful Tuesday's waste and acquisition to deed a precocious of Rs 1,635.80. Today's upmove successful nan stock value came aft nan institution informed nan exchanges that Cerbair, France -- a starring subordinate successful anti-drone solutions -- has acknowledged nan accelerated advancement made by its subsidiary, Paras Anti-Drone Technologies Pvt Ltd, successful nan improvement of nan CHIMERA 200 Project, which focuses connected drone anti-jamming technology.

As a result, Cerbair has issued a Letter of Intent (LoI) expressing its intent to procure 30 units of nan CHIMERA 200 system, weighted astatine astir 2.2 cardinal euros (around Rs 22.21 crore).

"We are pleased to pass you that Cerbair, France (French leader successful anti-drone solutions) has acknowledged nan swift advancement of Paras Anti-Drone Technologies Pvt Ltd (Paras Anti-Drone), a subsidiary of Paras Defence and Space Technologies Ltd (PARAS), successful nan improvement of CHIMERA 200 Project involving nan drone anti jamming exertion and has hence issued a Letter of Intent pinch a request to acquisition 30 units of CHIMERA 200 from Paras Anti-Drone, weighted astatine astir 2.2 cardinal euros (Rs 22.21 crore)," nan defence patient stated successful a BSE filing.

Bourses BSE and NSE person put nan securities of Paras Defence nether nan semipermanent ASM (Additional Surveillance Measure) framework. Exchanges spot stocks successful short-term aliases semipermanent ASM frameworks to alert investors astir precocious volatility successful stock prices.

Kranthi Bathini, Director of Equity Strategy astatine WealthMills Securities, believes Paras Defence whitethorn beryllium entering a consolidation shape aft its crisp rally. He advised semipermanent investors to clasp their positions and see accumulating nan banal during dips.

The institution is chiefly engaged successful nan designing, developing, manufacturing and testing of various defence and abstraction engineering products. It has 5 awesome merchandise class offerings successful defence and abstraction optics, defence electronics, dense engineering, electromagnetic beat protection solutions and niche technologies.

As of March 2025, promoters held a 53.74 per cent liking successful Paras Defence, 3.31 per cent little than nan erstwhile quarter.

Published on: Jul 1, 2025 3:07 PM IST