Paras Defence and Space Technologies witnessed a 4% jump in its stock price after the ISRO chairman said that the company has the ability to meet the requirements of ISRO, as reported by NDTV.
The stock opened at ₹956.95, surged to a high of ₹1,001.75, and touched a low of ₹954.25 during the day. Despite trading below its 52-week high of ₹1,592.70, the surge reflects renewed optimism about Paras Defence’s role in India’s growing space sector.
As a leader in defence and space technology, this recognition from ISRO positions Paras Defence as a key player in upcoming space initiatives, further strengthening its market prospects.
As of 1:16 pm, Paras Defence shares were trading 4.18% higher at Rs 993.95 on the NSE.
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