Debasis Mohapatra
Bengaluru, 4 March 2026
Leading defence manufacturing firm, Paras Defence’s share price ended 8.08% at Rs 725.05 per share on Wednesday after the company announced collaboration with Green Optics, South Korea.
In an exchange filing, Paras Defence said that it has signed a Memorandum of Understanding (MoU) with Green Optics Co., South Korea.
“Green Optics Co., Ltd., South Korea is involved in design & manufacturing of optics & optical systems for space, defence and other applications. Paras Defence & Green Optics are intending to establish a framework for joint development, manufacturing, business development in respective regions, of optics & optical systems for space and defence applications,” the company said in an exchange filing.
Defence stocks on Wednesday showed an uptrend as war in Middle East shows no signs of abetting. Given the volatile security environment, defence companies’ saw investors’ interest on a day when Nifty crashed 1.55%.
