DIIs Bought 0.85 per cent Stake & FIIs Bought 1.38 per cent Stake In December: Defence Company Secured Order Worth Rs 142.31 Crore from DRDO

The stock gave returns of 60 per cent in just 1 year and 109 per cent in last 2 years.

Paras Defence and Space Technologies Ltd has secured a significant order worth Rs 142.31 crore (including taxes) from the Defence Research and Development Organisation (DRDO), under the Ministry of Defence, Government of India. The contract has been awarded by the Center for High Energy Systems & Sciences (CHESS), DRDO, Hyderabad.

The project involves the development of a Laser Source Module and its integration with a Beam Control System (BCS) on a mobile platform. This technology is a crucial part of a High-Power Laser System designed for Anti-Drone and Anti-Missile applications.

According to the company’s official filing with the stock exchanges (BSE and NSE), the order will be completed within 24 months. The project aligns with India's growing focus on advanced defence technologies to counter aerial threats.

Paras Defence and Space Technologies Ltd (PDST) is a leading private Indian company in the defence and space sector. They design, develop, manufacture, and test a wide range of products and solutions for these critical fields. PDST caters to four main areas: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse (EMP) Protection Solutions. This specialization allows them to serve a diverse clientele. They supply their products to both government and private entities. 

Some of their government clients include prestigious organizations like the Indian Defence Force (IDF), Defence Research and Development Organisation (DRDO), Bharat Electronics Limited (BEL), Indian Space Research Organisation (ISRO), Hindustan Aeronautics Limited (HAL), and various shipyards. In the private sector, they partner with companies like Godrej, Tata Power, Larsen & Toubro, Kirloskar, TCS, and Solar Industries. Their reach extends beyond India as well, with international clients including Israel Aerospace Industries, Rafale Advanced Defence Systems, and Elbit Systems.

As of December 2024, the shareholding pattern shows that promoters hold 57.05 per cent, FIIs hold 4.84 per cent, DIIs hold 1.48 per cent, and the public holds 36.61 per cent. There is a notable decrease in promoter shareholding from 58.94 per cent in the previous quarter to 57.05 per cent. FIIs have increased their stake from 3.46 per cent to 4.84 per cent, while DIIs have also raised their holding from 0.63 per cent to 1.48 per cent. The public shareholding has slightly decreased from 36.96 per cent to 36.61 per cent.

On Thursday, shares of Paras Defence and Space Technologies Ltd jumped over 6 per cent to Rs 160 per share from its previous closing of Rs 1,012  per share. The stock gave returns of 60 per cent in just 1 year and 109 per cent in last 2 years. Investors should keep an eye on this Small-Cap stock. 

Disclaimer: The article is for informational purposes only and not investment advice.