Paras Defence and Space Technologies Ltd has been gaining attention on Monday. On May 26, 2025, Paras Defence share price (NSE: PARAS) opened at ₹1,645.00, up from its previous close of ₹1,636.90. At 11:19 AM, the share price of Paras Defence was trading at ₹1,629.60, down by 0.45% on the NSE. Notably, the stock price touched its 52-week high recently at ₹1,945.00, on May 19, 2025.
The market focus came after Paras Defence announced an important development on Friday, May 23, 2025. During a Board of Directors meeting, the company approved a Joint Venture Agreement (JV Agreement) with Heven Drones Ltd (HD), Israel. This partnership aims to establish a subsidiary in India dedicated to the development and production of logistics and cargo drones, targeting both defence and civil markets.
This move aligns with the Government of India’s ‘Make in India’ initiative, emphasising indigenous manufacturing and technological advancement. The collaboration with Heven Drones Ltd., an established player in drone technology, is expected to accelerate Paras Defence’s capabilities and product offerings in the growing drone sector.
On the day of the announcement, May 23, 2025, Paras Defence’s share price opened at ₹1,629.00 and closed slightly higher at ₹1,636.90. The stock also touched an intraday high of ₹1,645.00.
Paras Defence and Space Technologies (PDST) is a private-sector company specialising in the design, development, manufacturing, and testing of diverse defence and space engineering products and solutions. The company serves four key segments: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse Protection Solutions.
Also Read: Paras Defence Share Price Drops Over 6% After Promoter Stake Sale!
Paras Defence’s joint venture with Heven Drones Ltd marks a significant step in strengthening its position in the defence and civil drone markets. Supported by the ‘Make in India’ initiative, this partnership is likely to boost innovation and expand the company’s footprint in emerging drone technologies.
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Published on: May 26, 2025, 4:25 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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