Where will Paras Defence's share price be in the next three years? (opens original article in a new tab)

Paras Defence's share price is expected to be influenced by India's defense modernization, growth in high-tech defense sectors, and the company's strong position in defense optics and drones.

• Paras Defence's stock has a PE of 96.2, higher than many established industry players.
• The company benefits from India's defense modernization initiatives and focus on domestic manufacturing.
• Paras Defence is involved in high-growth areas like drones, anti-drone systems, and defense optics.