By Admin 
Defense ministry stocks: There is always a risk in the stock market. But many times, suddenly his bounce causes the silver of investors. The share that is being discussed today is Paras Defense and Space Technology. The company’s shares fade when it received an order of more than Rs 26 crore from Opto Electronics Factory, a unit of the Ministry of Defense. After this news, Paras’s stock ran like a rocket.
Why did a rocket become a share?
In the exchange filing, the company said that this order is of the electronic control system used in thermal imaging fire control system (TIFCs). The order has been received from the Unit Opto Electric Factory, Dehradun, the Ministry of Defense, which is to be completed between December 2025 and September 2026. The company also clarified that this order has been received from the domestic institution and the concerned party does not come under the purview of transactions.
Following the announcement of this order, Paras shares recorded a jump of about 5 percent on September 12 and it reached a record level of ₹ 694.
15 crore profits in the first quarter
Talking about financial performance, Paras Defense earned a net profit of Rs 15 crore in the first quarter of FY 2025-26, which was almost the same as compared to last year. However, the company’s revenue increased by about 11.5 percent on an annual basis and it reached Rs 93.2 crore.
If you look at the performance of the share of Paras Defense, it has gone up about 18 percent in the last one year. At the same time, in the last six months, investors have got a return of more than 52 percent.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)