India's Paras Defence gains on bagging 1.4 billion rupee order

Paras Defence and Space Technologies

20/03/2025 05:14

** India's Paras Defence and Space Technologies PRAF.NS jumps as much as 10% to one-month high of 1,047.7 rupees, last up 6.6%

** PRAF on course for third consecutive session of gains

** Co receives order worth 1.42 billion rupees ($16.5 million) for development of laser source module and integration with beam control system on mobile platform

** PRAF top pct gainer on Nifty India Defence .NIFTYINDDEFENCE index, which is down 0.4%

** More than 650,000 shares change hands in an hour's trade, 4x the six-month avg volume

** PRAF up 4% YTD, turns positive with day's gains

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))