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Paras Defence Stock Soars 10% After Signing MoU with South Korean Firm Green Optics
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Paras Defence Shares Soar 10% on Green Optics MoU for Space & Defence
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CNBC TV18
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04-03-2026, 10:46
Paras Defence Shares Soar 10% on Green Optics MoU for Space & Defence
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Paras Defence and Space Technologies Ltd. shares jumped over 10% on Wednesday, March 4.
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The company signed a Memorandum of Understanding (MoU) with South Korea-based Green Optics.
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The MoU aims for joint development, manufacturing, and business expansion in optics and optical systems for space and defence.
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The gains come amid strength in defence stocks due to the ongoing US-Iran conflict.
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Globally, South Korean defence stocks also rallied sharply, outperforming the broader KOSPI index.
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