Paras Defence and Space Technologies rose 1.43% to Rs 718.20 after the company signed a memorandum of understanding (MoU) with Israel-based Cielo Inertial Solutions (CIELO).
Under the MoU, Paras Defence and CIELO will combine their respective capabilities to promote and pursue opportunities in India for the adaptation, marketing, sale, and production of inertial sensors and closed-loop FOG-based inertial solutions.Paras Defence and Space Technologies (PDST) is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions.
The company has reported a 1.1% rise in consolidated net profit to Rs 14.27 crore on a 11.5% rise in net sales to Rs 93.19 crore in Q1 FY26 as compared with Q1 FY25.
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