1.jpg)
The shares of Paras Defence and Space Technologies Limited have captured investor’s attention. The rocketing 11% to an intraday high of ₹758.90 on March 5, 2026 is the only reason behind it. But why? What boosted the growth?
The market got a kick right after the company announced a landmark Memorandum of Understanding (MoU) they signed with South Korea's Green Optics Co. Ltd.
The main intent behind the partnership is to focus on high-quality optic systems for defence and space applications. This signals Paras Defence's push into high-tech manufacturing amid India's booming defence exports.
The sustained momentum, with stock trading around ₹752 as of March 6, up over 7% from the previous close, reflects broader optimism in the Nifty Defence Index.
Let us look at the MoU now.
MoU Details and Market Reactions
These are the details for the MoU:
The MoU between Paras Defence and Space Technologies and Green Optics, was announced on March 4. The MoU entirely focuses on the research and development along with manufacturing of precision optics. These will be used in satellites, missiles, and electro-optics systems.
South Korea’s Green Optics brings in their expertise in infrared lenses and thermal imaging. This ability complements Paras Defence's existing capabilities to design and develop in space optics and defence electronics.
The tie-up between the two will place Paras to tap into global supply chains. This is in alignment with the prime minister’s thought to ramp up indigenous production in India under the Atmanirbhar Bharat Initiative.
Market Reaction:
The market reaction was swift; Paras Defence shares soared 11% on BSE, hitting ₹758.90 before settling at ₹753.85. The total trading volume exploded to 23 million shares which is way higher than the average of 5 million. This indicates nothing but a strong retail and institutional buying.
Source: Google Finance
This surge outcasted the Nifty 50's modest rise of 0.5% which is further fueled by positive Q3 results, including a 21% YoY profit of ₹18.2 crore. In addition, revenue rose by 24% to ₹58 crores in optics alone. Rising geopolitical tensions have driven up defence spending.
Current Paras Defence Share Price Snapshot
As of March 6, 2026, the Paras Defence Shares price stands at approximately ₹751.80. This reflects a 4.83% daily gain and a 13% weekly rally. The stock market cap has crossed ₹5,779 Cr, highlighting its mid-cap status in the high-growth defence space.
Let us have a look at the metrics quickly:
Metric | Value |
Current Price | ₹751.80 |
Open/Previous Close | ₹740/₹716 |
P/E Ratio | 80.94 |
Debt to Equity Ratio | 0.08 |
Volume | 23 Million Shares |
Making a 1-Day analysis, we can see there is a V-shaped recovery from ₹636 on March 2 to ₹760 high, closing above the 20-day EMA at ₹680.
About the Company
Listed on NSE, Paras Defence and Space Technologies Limited specialises in electro-optics, electronics, and heavy engineering for space and defence. Founded in 2009, the company has delivered about 1000 systems to DRDO and ISRO. The revenue for FY 25 is ₹278 crores, and EBITDA margins stand at 18%.
On the other hand, South Korea's Green Optics Co., Ltd. was founded in 1997. It is a leading precision optics manufacturing company. The company specialises in designing, producing, and evaluating advanced optical components. Key products include space optics, infrared lenses, laser optics, lightweight mirrors, and satellite camera modules.
Paras Defence: Share Price Comparison Table
Company | Share Price | Market Cap |
Paras Defence | ₹ 752 | ₹ 5779 crores |
HAL | ₹ 4500 | ₹ 1.5L crores |
BEL | ₹ 320 | ₹ 2.3L crores |
Conclusion
Paras Defence Share Price Soars 11% After MoU with Korean Green Optics. It highlights the company’s potential as a defence multibagger in the year 2026. Let us see how the market unfolds as the political tension across the globe intensifies.
For unlisted share price visit Stockify.
FAQ
What is the current share price for Paras Defence and Space Technologies Limited?
The current share price trades at ~₹749.50, up 4.5% today on March 6 2026 after hitting ₹753 high.
Why did Paras Defence Share price surge?
After the MoU with South Korea’s Green Optics for the research and development, and manufacturing the confidence of the investors increased.
What is the MoU between Paras Defence and Green Optics all about?
This is about manufacturing precision optics for missiles, satellites, and electro-optical systems, leveraging Green Optics Infrared expertise.
