Paras Defence and Space Technologies shares jumped more than 3% in morning trade after its subsidiary, Paras Anti-Drone Technologies Private Limited, won the ADITI 1.0 Challenge for the development of a “Mobile Ground Station for Transmitting and Receiving Data from Satellites.”
The Defence Innovation Organisation (DIO) under the Department of Defence Production, Ministry of Defence, Government of India, organized this prestigious challenge.
Paras Defence shares opened at 972.05, reaching a day high of 1,072.95 and a low of 972.05. With a 52-week high of 1,592.70 and a low of 610.00, the stock shows significant volatility over the past year.
As of 10:28 am, Paras Defence shares were trading 3.53% higher at Rs 1,059.00 on the NSE.
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