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After announcing the establishment of a strategic partnership with Korea's Green Optics Co. Ltd., Paras Defence and Space Technologies Ltd. (PARAS)'s stock price surged nearly 12% to Rs. 749.85. The memorandum of understanding aims to explore collaboration opportunities in the field of optical systems for defense and space applications, potentially strengthening Paras Defence's market position and opening up new international markets. Over the past five days, the stock has gained a total of 13.67%, as escalating geopolitical tensions have heightened focus on defense preparedness, also boosting the stock price.