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

Paras Defence Shares Soar 10% on Green Optics MoU for Space & Defence

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CNBC TV18•04-03-2026, 10:46

Paras Defence Shares Soar 10% on Green Optics MoU for Space & Defence

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

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