This small-cap company has entered into a joint venture agreement with CONTROP Precision Technologies Limited!

The partnership aligns with the Government of India's Make in India initiative.

Paras Defence and Space Technologies (PDST) is a private sector company specialising in the design, development, manufacturing and testing of a wide range of defence and space engineering products and solutions. The company operates in four key segments: defence & space optics, defence electronics, heavy engineering and electromagnetic pulse protection solutions. 

Paras Defence and Space Technologies and CONTROP have established a joint venture company to engage in the manufacturing, production, implementation, installation, integrated logistics support (ILS), after-sale support, training and related activities in the field of electro optic (EO)/infra-red (IR).  

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The partnership aligns with the Government of India's Make in India initiative. The proposed company's shareholding structure between PARAS and CONTROP is expected to be divided as follows: PARAS will hold a 30 per cent stake, while CONTROP will hold a majority 70 per cent stake. This distribution of ownership reflects the planned partnership between the two entities in the joint venture. 

On Friday, the shares of Paras Defence and Space Technologies jumped by 8.38 per cent and made an intraday high of Rs 544.95. It had a spurt in volume by more than 4.02 per cent. 

The company has 3-year sales growth of 14 per cent (CAGR) and profit growth of 22 per cent (CAGR) for the last 3 years. 

Investors should keep a close eye on this trending stock.