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The contract includes accessories, spares, training for drone pilots, Paras Defence said in an exchange filing.

Why This Mukul Agrawal-Backed Smallcap Stock Is Rising On A Drone Deal

Analyst

Paras Defence&#39;s share price went up over 3% on Friday to hit a new 52-week high of ₹572.95. As per the latest shareholding data, ace investor Mukul Agrawal owns a 1.12% stake in the company. 

Why This Mukul Agrawal Portfolio Stock Is Soaring Today

Paras Defence Helicopter

Under the agreement, Paras Defence will collaborate with CONTROP Precision Technologies to manufacture, install, and provide logistics and after-sale support in the electro-optic infrared field, aligning with the &#34;Make in India&#34; initiative. 

This Mukul Agrawal Portfolio Stock Gained Over 7.5% On Deal With Israeli Firm

Drones attack Photo by Corona Borealis Studio on Shutterstock

The company signed a deal with SAMEER, a government-backed agency for creating anti-drone tech and 6G communications, among other things.

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