{"id":143286,"date":"2025-01-23T12:03:56","date_gmt":"2025-01-23T06:33:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=143286"},"modified":"2025-01-23T12:07:59","modified_gmt":"2025-01-23T06:37:59","slug":"defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/","title":{"rendered":"Defence stock jumps 9% after signing MoU worth \u20b912000 Cr with Govt. of Maharashtra"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1674880794\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the Defence companies specializes in providing advanced defense and space technology solutions jumps 9 percent, upon signing MoU with the Government of Maharashtra &nbsp;for the development of an Optics Park in Navi Mumbai<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1492310699\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of 4,145.01 Crores on Thursday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/PARAS\" target=\"_blank\" rel=\"noreferrer noopener\">Paras Defence and Space Technologies Ltd<\/a><\/strong>, trading at Rs. 1,119 up by 9.3 percent after making a high of Rs 1,129 compared to its previous closing price of Rs 1,032.50.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong>&nbsp;&nbsp;&nbsp;&nbsp;<\/h2><p>Paras Defence and Space Technologies Ltd has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra for the development of an Optics Park in Navi Mumbai,\u00a0set to begin in 2028.<\/p><p>The company plans to invest around Rs. 12,000 crores over the next 10 years to develop the park. This project is expected to create about 2,000 direct jobs and could become India\u2019s first technology hub for optics and optical technologies. The Government of Maharashtra will support the project by helping the company obtain the necessary permissions, approvals, and financial incentives for the development of the park.<\/p><div class=\"trade-content_5\" id=\"trade-133211865\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Paras Defence and Space Technologies Limited is an Indian company that specializes in providing advanced defense and space technology solutions. It focuses on the design, development, and manufacturing of a wide range of products, including defense electronics, optics, aerospace components, and space technologies.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Segment Revenue&nbsp;<\/strong><\/h2><p>Paras Defence and Space Technologies reported segment revenues of Rs. 6,939.18 Lakhs from Optics and Optronic Systems and Rs. 16,304.27 Lakhs from Defence Engineering, totaling Rs. 23,243.45 Lakhs in revenue from operations on March 31, 2024. This compares to Rs. 10,550.21 Lakhs from Optics and Optronic Systems and Rs. 10,877.75 Lakhs from Defence Engineering for the previous year, amounting to Rs. 21,427.96 Lakhs in total revenue.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue rose by 42 percent from Rs 62.41 crore to Rs 88.76 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 9.42 crores to Rs 13.86 crores during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3079586873\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the Defence companies specializes in providing advanced defense and space technology solutions jumps 9 percent, upon signing MoU with the Government of Maharashtra &nbsp;for the development of an Optics Park in Navi Mumbai Price action With a market capitalization of 4,145.01 Crores on Thursday, the shares of Paras Defence and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":124547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[21293,12669,15611,15610,9713,948,936,3157,2597],"class_list":["post-143286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-paras-defence-and-space-technologies","tag-paras-defence-and-space-technologies-latest-news","tag-paras-defence-and-space-technologies-limited","tag-paras-defence-and-space-technologies-limited-share-price","tag-paras-defence-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defence stock jumps 9% after signing MoU worth \u20b912000 with Govt. of Maharashtra<\/title>\n<meta name=\"description\" content=\"The shares of one of the Defence companies specializes in providing advanced defense and space technology solutions jumps 9%....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Defence stock jumps 9% after signing MoU worth \u20b912000 Cr with Govt. of Maharashtra\" \/>\n<meta property=\"og:description\" content=\"The shares of one of the Defence companies specializes in providing advanced defense and space technology solutions jumps 9%....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-23T06:33:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-23T06:37:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/defence-tank-2-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/\",\"url\":\"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/\",\"name\":\"Defence stock jumps 9% after signing MoU worth \u20b912000 with Govt. of Maharashtra\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/defence-tank-2-1-1.jpg\",\"datePublished\":\"2025-01-23T06:33:56+00:00\",\"dateModified\":\"2025-01-23T06:37:59+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"The shares of one of the Defence companies specializes in providing advanced defense and space technology solutions jumps 9%....\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/defence-tank-2-1-1.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/defence-tank-2-1-1.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Defence stock jumps 9% after signing MoU worth \u20b912000 Cr with Govt. of Maharashtra\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Defence stock jumps 9% after signing MoU worth \u20b912000 with Govt. of Maharashtra","description":"The shares of one of the Defence companies specializes in providing advanced defense and space technology solutions jumps 9%....","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/","og_locale":"en_US","og_type":"article","og_title":"Defence stock jumps 9% after signing MoU worth \u20b912000 Cr with Govt. of Maharashtra","og_description":"The shares of one of the Defence companies specializes in providing advanced defense and space technology solutions jumps 9%....","og_url":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2025-01-23T06:33:56+00:00","article_modified_time":"2025-01-23T06:37:59+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/defence-tank-2-1-1.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/","url":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/","name":"Defence stock jumps 9% after signing MoU worth \u20b912000 with Govt. of Maharashtra","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/defence-tank-2-1-1.jpg","datePublished":"2025-01-23T06:33:56+00:00","dateModified":"2025-01-23T06:37:59+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"The shares of one of the Defence companies specializes in providing advanced defense and space technology solutions jumps 9%....","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/defence-tank-2-1-1.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/defence-tank-2-1-1.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-9-after-signing-mou-worth-12000-with-govt-of-maharashtra\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Defence stock jumps 9% after signing MoU worth \u20b912000 Cr with Govt. of Maharashtra"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/143286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=143286"}],"version-history":[{"count":2,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/143286\/revisions"}],"predecessor-version":[{"id":143291,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/143286\/revisions\/143291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/124547"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=143286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=143286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=143286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}