Paras Defence receives licence to manufacture defence products

Paras Defence saw its shares rise to ₹1,282 on Thursday’s open. The stock hit 5% upper circuit limit at ₹ 1,294. This surge followed the company’s announcement of an industrial licence from DPIIT for new manufacturing facility. Paras Defence is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions.