Support and Resistance Levels
Past performance
About Paras Defence and Space Technologies Ltd Paras Defence and Space Technologies Limited, established in 2009 and rebranded in 2016, specializes in designing, developing, manufacturing, and testing products for defense and space applications. The company has expanded its capabilities through strategic amalgamations, such as merging with Concept Shapers and Electronics and Mechvac India Limited, enhancing its product offerings in critical defense technologies like electronic time fuses and EMP racks.
In 2018, Paras Defence expanded into space optics in Bangalore, and in 2019, it launched Paras Aerospace to focus on drone technology. The company went public in 2021, raising Rs 170.77 crore through an IPO. Recent innovations include a remote-controlled border defense system developed with DRDO in 2022. In 2024, Paras Defence formed a joint venture with Israel's CONTROP Precision Technologies Limited, enhancing its presence in Electro-Optics/Infrared payloads for various military applications. This growth trajectory and strategic partnerships position Paras Defence as a notable entity in the defense and aerospace sectors.