In a regulatory filing on Tuesday, Defense of paras says it receives a goal letter from the cerbair for supply of 30 units of Chimera 200 drone countermeasure system. The total amount of contract with Rs 22.21 crore.
The order will be executed in this subsidiary, paras anti-drone technologies Pvt Ltd, specializing in Jonming technologies. According to the company, the Chimera 200 A sophisticated anti-jamming solution designed to neutralize enemies drone by disturbing their communication and control signals.
The deal marks a famous Validation in India Export of defense technologyWith the interest of the French firm showing the growing confidence in trust in the indentation indentation induced.
Defense of paras, strong parents, engaged in design, development, manufacture, and testing systems of adventained defense and engineering systems.
The stock and technical performance
The stock of defense is in a strong upward slab in the past few months. It has risen 5% last month, 72.6% in the last three months, and 67.7% in the last six months. On a one-year basis, parts have 17.6%.
From a technical standpoint, the stock is currently trading above all eight of its key simple moving averages – the 5-day, 10-day, 20-day, 30-day, 150-day, and 200-day – signaling strength and long-term charts.
The relative index of force (RSI) is at 53.4, which indicates stocks not overly heavy or oversold. Meanwhile, the acting average converence meet (MACD) stands 26.9, above its line but below its line.
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