Paras Defence Shoots Up After Subsidiary Bags ₹22 Cr Deal from French Firm CERBAIR
By Shishta Dutta | Updated at: Oct 17, 2025 01:47 PM IST
Mumbai, July 2, 2025 – Early today, shares of Paras Defence & Space Technologies Ltd (NSE: PARAS) rose sharply by 2.58% to ₹1,669.40, after its subsidiary, Paras Anti-Drone Technologies Pvt Ltd, got a ₹22 crore (€2.2 million) order from France’s top counter-UAV company, CERBAIR. The Letter of Intent is for the sale of up to 30 CHIMERA 200 man-portable detection-and-neutralisation devices. This shows that there is a rising global market for India’s defence technology.
As of 10:57 am IST, the stock is seeing an upward trajectory, currently trading at ₹1,676.20.
French Firm CERBAIR to Procure 30 CHIMERA 200 Anti-Drone Systems
The company disclosed that France-based CERBAIR intends to procure up to 30 CHIMERA 200 systems, an advanced man-portable radio frequency detection and neutralisation device. These systems are specially designed to counter hostile drone and swarm threats — a growing concern in modern warfare and security operations.
The ₹22 crore (€2.2 million) contract underscores the global competitiveness of India’s indigenous defence manufacturing capabilities and further bolsters Paras’ profile as a dependable partner in high-tech defence solutions.
The CHIMERA 200, already field‑proven at critical infrastructure sites across India, offers wideband RF detection, rapid deployment, and upgraded neutralisation capabilities-features tailored to Europe’s evolving drone-threat landscape . This deal aligns with India’s “Make in India” and Defence Production & Export Promotion Policy, supporting the government’s ₹5 billion annual defence exports target by 2025 .
Stock Snapshot as of 10:57 AM IST
| Price Movement | Value |
|---|---|
| Last Traded Price | ₹1,676.40 |
| Change | ₹+49.40 (+3.04%) |
| Previous Close | ₹1,627.40 |
| Day’s High | ₹1,702.00 |
| Day’s Low | ₹1,632.20 |
| VWAP | ₹1,673.94 |
| 52-Week High (19-May-2025) | ₹1,945.00 |
| 52-Week Low (03-Mar-2025) | ₹809.40 |
| Total Traded Value | ₹71.53 crore |
| Market Cap | ₹6,733.88 crore |
Buy orders remained strong with 54,682 shares on the bid side compared to 1,38,841 shares on the sell side, signalling strong bullish sentiment post-order announcement.
Management Commentary
The company stated, “This strategic order from CERBAIR not only demonstrates the growing global confidence in Indian-built defence tech but also marks a significant step in our expansion across Europe’s advanced security market.”
The company also recently announced a 1:10 stock split ahead of its July 4 record date, a move expected to boost liquidity and retail participation after the stock rallied over 100% from its 52-week low.
With the share now trading between ₹1,630-₹1,675 range and boasting a market cap of ~₹6,700 crore, Paras is rapidly emerging as a global contender in the anti‑drone arena.
About the Company
Paras Defence and Space Technologies Ltd, listed on NSE and part of the NIFTY Microcap 250 index, operates in the aerospace and defence sector. The company is engaged in designing, developing, and manufacturing a wide range of defence and space engineering products and solutions. It was listed on 01-Oct-2021 and has since emerged as a key player in indigenous defence tech innovation.
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
