Paras Defence and Space Technologies Ltd signs MoU with MicroCon Vision Ltd

Paras Defence and Space Technologies Limited ("PARAS") has signed a Memorandum of Understanding (MoU) with MicroCon Vision Ltd. (MicroCon), part of CONTROP and the Rafael Group, Israel.

MicroCon has experience and expertise in the design, development, production and marketing of ISR (Intelligence, Surveillance and Reconnaissance) payloads and EO/IR (Electro-Optical/Infra-Red) Seekers for Drones and Unmanned Aerial Vehicles.

PARAS and MicroCon will be exclusive partners in India for working together on the Micro ISR payloads.

Shares of Paras Defence and Space Technologies Ltd was last trading in BSE at Rs. 977.35 as compared to the previous close of Rs. 958.25. The total number of shares traded during the day was 29184 in over 1755 trades.

The stock hit an intraday high of Rs. 988.00 and intraday low of 958.25. The net turnover during the day was Rs. 28485046.00.

Source : Equity Bulls

Keywords

ParasDefenceandSpaceTechnologies Defence INE045601015 MoU MicroConVision