Paras Defence is the top gainer on the BSE since the opening bell today; the stock which had closed at Rs.848.65, opened higher at Rs.855 and rose 10% to an intraday high at Rs.933.50.

The stock price has reacted to the receipt of a new order:

• Paras Anti Drone Technologies Pvt Ltd, a subsidiary of Paras Defence, has announced that France-based CERBAIR intends to acquire up to 30 CHIMERA 200 systems and the deal value is Rs.22 crore.
• CHIMERA 200 is a man-portable RF detection and drone neutralization device, developed in-house, boosting India’s defence export footprint and Paras’s credibility.
• This is a breakthrough export opportunity into Europe’s high-end defence-tech market — potentially opening doors to other NATO-aligned nations.

This combined with the fact that the US and NATO countries are likely to ramp up security infrastructure, puts Paras into the limelight with higher export visibility post this order. This CERBAIR order, when executed fully, would not only strengthen Paras's financials but also signal global acceptability of its indigenous tech — making it a rare Indian defence export story in high-end tactical gear.

Today is also the record date for its stock split – the company had announced that it will be splitting one share of Rs.10 each into two shares of Rs.5 each. This increases liquidity and gives one an opportunity to enter at a more affordable price. Those buying into the stock today will not be eligible for the stock split.