India's Paras Defence rises after unit bags $5 mln order

Paras Defence and Space Technologies

03/07/2023 05:40

** Shares of Paras Defence and Space Technologies Ltd
 PRAF.NS  rise as much as 2.7% to 630 rupees, their biggest
intraday pct gain in a week
    ** Uptick after unit Paras Aerospace received order worth
424 million rupees ($5.18 million)
    ** Order for supply of 400 units of Agri-Drones, to be
delivered by end of March, 2024
    ** About 91,000 shares change hands by 9:58 a.m. IST, 0.2x
the 30-day avg of 588,235 shares - Refinitiv Data
    ** Stock up ~2% YTD as of last close

($1 = 81.8030 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))