India's Paras Defence gains after opening optical systems testing facility

Paras Defence and Space Technologies

25/11/2024 05:40

** Shares of Paras Defence and Space Technologies  PRAF.NS 
rise 4.6% to 1022 rupees
    ** Co opens state-of-the-art optical systems testing
facility in Navi Mumbai for space and defence applications
ranging from earth observation to homeland security 
    ** Co plans to invest 500 crore rupees ($59.3 million) over
the next few years to build India's first advanced optical
systems development park 
    ** More than 171,000 shares changed hands as of 10:50 AM
IST, 1.4 times the 30-day avg daily volume 
    ** Stock up 35.89% ytd, as of last close 


 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))