Paras Defence share price in focus: Firm secures ₹80 crore DRDO order to develop high-precision air defence optical systems

As part of the deal, Paras Defence will develop and supply high-precision optical systems for air defence applications to the Ministry of Defence’s DRDO. The BSE filing also showed that the order update is expected to be executed within 18 months from the date of the supply order.

“We are pleased to inform you that Paras Defence and Space Technologies Limited (PARAS) has received an order from DRDO, Ministry of Defence, valued at approximately ₹80.28 crore (incl. of taxes) for the development of a high-precision optical system for air defence applications," the company informed the stock exchanges.

MoU with South Korean firm

Earlier, on March 4, 2026, Paras Defence entered into a memorandum of understanding (MoU) with the South Korean firm Green Optics Co. Ltd to design and manufacture optical systems, according to an NSE filing.

The MoU aims to build these optical systems for space, defence, and other related applications as the companies aim to establish a framework for joint development and manufacturing in the respective regions.

Paras Defence stock price trend

Paras Defence's share price closed 4.11% lower at ₹718.55 after Monday’s stock market session, compared to ₹749.35 at the previous market close, NSE data showed. The company’s order update from the Ministry of Defence was disclosed during the market operating hours on Monday.

The defence stock has given stock market investors more than 194% returns on their investment in the last three years and has gained over 55% in the last one-year period, according to the NSE data.

On a year-to-date (YTD) basis, Paras Defence stock is up 5.06% and is trading 7.11% higher in the last five sessions on the Indian stock market. Paras Defence shares hit their 52-week high level at Rs 972.50 on 19 May 2025, while the 52-week low level was at Rs 410.65 on 7 April 2025.

The private sector defence firm’s market capitalisation (M-Cap) was at ₹5,790.60 crore as of the stock market close on Monday, March 9, 2026.