India's Paras Defence rises on 2.93 bln rupee-order win

Paras Defence and Space Technologies

30/09/2024 07:16

** Shares of Paras Defence And Space Technologies  PRAF.NS 
rise 4.6% to 1,116 rupees
    ** Co won order worth 2.93 bln rupees ($35 mln) from
associate co Controp-Paras Technologies to make components for
order from L&T  LART.NS 
    ** Stock set to end five-day losing run if trend holds
    ** Stock eyes second-best day in September
    ** PRAF up ~55% YTD vs ~8% drop in rival Mishra Dhatu Nigam
 MISR.NS 

($1 = 83.7740 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))