Paras Defence Shares Climb 1.72% on Nearly ₹53-Crore Electro-Optics Order from Bharat Electronics

Mumbai, June 8: Shares of Paras Defence and Space Technologies Limited (NSE: PARAS) traded with a positive bias on Monday, extending the gains that had built through the prior week on the back of a significant order win disclosed to the exchanges.  

The stock opened at ₹948.00, below its previous session’s close of ₹960.15, reflecting a cautious start amid a broader market selloff driven by the reignited Iran-Israel conflict. However, buyers stepped in swiftly, lifting the counter to an intraday high of ₹984.40 before the stock settled into a steady consolidation range.  

As of the last traded price, PARAS was at ₹976.65, up ₹16.50 or 1.72% from its previous close of ₹960.15. The intraday low was ₹941.00, touched during the early morning weakness before the recovery. The volume-weighted average price stood at ₹970.84, indicating that a significant portion of the day’s volume traded above the VWAP, a broadly bullish sign.  

The order book showed 29.49% buy-side interest against 70.51% on the sell side, with total traded quantity at 4,10,925 shares — suggesting active two-way participation with some profit-booking near the day’s highs. 

Weekly Trend 

The intraday gain caps a strong week for Paras Defence, with the stock delivering a near-uninterrupted advance across the five trading sessions from June 1 to June 5. The counter began the week around the ₹810 mark on June 1, climbed to approximately ₹860 by June 2 before dipping slightly to around ₹840 on June 3, then resumed its upward trajectory to close near ₹905 on June 4 and push further toward the ₹975–₹980 zone by June 5. The week-long rally represents a gain of roughly 20% from the June 1 opening level, making PARAS one of the standout performers in the defence and aerospace segment over this period. The sustained buying across the week points to broad market recognition of the order win’s strategic value, rather than a one-day event-driven spike. The current price of ₹976.65 keeps the stock comfortably above all key weekly reference levels. 

Order Win: BEL Contract for Electro-Optics 

The company informed BSE and NSE last Tuesday that it had received an order from Bharat Electronics Ltd (BEL) valued at approximately ₹52.82 crore for the supply of Electro-Optics.  

Filed in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, the disclosure confirmed that the order is from a domestic entity, carries no related-party implications, and is to be executed on or before September 2027. The order places Paras Defence firmly within BEL’s strategic supply chain for defence electronics — a relationship that carries considerable reputational and commercial weight given BEL’s status as a Navratna defence PSU and a prime contractor for the Indian armed forces.  

The Electro-Optics segment, which covers thermal imagers, laser rangefinders and night-vision systems, is among the most active procurement areas as India accelerates its indigenisation drive across land, naval and aerospace platforms. The filing was signed by Minal Bhate, Company Secretary and Compliance Officer of Paras Defence. 

Source

• https://www.nseindia.com/get-quote/equity/PARAS/Paras-Defence-and-Space-Technologies-Limited