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Paras Defence shares jump 10% after MoU with South Korea's Green OpticsParas Defence informed exchanges that it has signed a Memorandum of Understanding with South Korea-based Green Optics, which specialises in the design and manufacture of optics and optical systems for space, defence and other applications.By CNBCTV18.com March 4, 2026, 10:46:32 AM IST (Published)2 Min ReadShares of Paras Defence and Space Technologies Ltd. were trading with gains of over 10% higher on Wednesday, March 4.

The company informed exchanges that it has signed a Memorandum of Understanding with South Korea-based Green Optics, which specialises in the design and manufacture of optics and optical systems for space, defence and other applications.

Under the agreement, Paras Defence and Green Optics intend to create a framework for joint development, manufacturing and business expansion in their respective regions, focusing on optics and optical systems for space and defence use.

The gains come amid strength in defence stocks as the US-Iran conflict enters its fifth day. The Nifty India Defence index was the only sectoral gauge trading in positive territory on Wednesday.

Globally, South Korean defence stocks rallied sharply on Tuesday. Hanwha Aerospace surged as much as 22%, while Korea Aerospace Industries gained over 7%. LIG Nex1 jumped 30%, and Victek and Firstec, which manufacture electronic warfare systems and anti-aircraft missile components, climbed more than 20%. Poongsan rose 14%, and Hyundai Rotem advanced 18%.

The South Korean defence pack outperformed the broader KOSPI index, which declined more than 2%, leading losses across Asia-Pacific markets. The country aims to become the world’s fourth-largest defence industry by 2030.

Defence stocks typically benefit during periods of geopolitical tension, as expectations of higher equipment demand and replenishment orders tend to rise.Continue ReadingTagsParas Defence and Space Technologies