Paras Defence Share Price: After the Pahalgam incident, the shares of defence companies jumped dramatically due to the fear of action against Pakistan.
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Paras Defence Share Price
The defence sector’s small-cap stock, Paras Defence Space & Technologies Ltd, has been making a lot of noise for the last few days. The stock is seeing tremendous growth. It climbed 20% on Tuesday. It closed at Rs 1143.75 in the last session and reached an intraday high of Rs 1372.50 today. The stock made its 52-week high at the level of 1592 on 5 July 2024.
Why did the Paras Defence Share Price Rise?
This rise in the Paras Defence Share Price is seen before its board meeting. The company is going to hold a board meeting on April 30, in which the fourth quarter results will be released. Along with this, Dividend and Stock Split can also be announced, due to which there is strong buying in this stock.
The sharp rise in Paras Defence Share Price on Monday came after last week’s profit booking. Defence stocks have started showing growth again. Paras Defence has played a special role in this rise and was among the top three gainers of the Nifty Defence index.
Paras Defence Share Trending Volume
The trading volume in this stock was six times more than normal, which indicates that there was strong buying in it. The technical indicator RSI has reached 65.15, which shows strength in the stock.
A major reason for this growth is the strong long-term orders in the defence sector and the emphasis on promoting manufacturing in the country. Earlier, in January, the company received a lifetime validity manufacturing license for MK46 and MK48 belt-fed light machine guns.
The company has been permitted to manufacture 6,000 units per year, which is expected to increase its production and business. Paras Defence has a market cap of Rs 5,004 crore and is part of the Smallcap index on BSE.
#EMViewsOnNews – Why Paras Defence Share Price is Risinghttps://t.co/T47f88BNFY
— Equitymaster (@Equitymaster) April 29, 2025
Paras Defence Share Performance
The defence stock has shown strong performance in the past as well. Between May and July last year, it had gained 133 per cent, meaning it had doubled the investors’ money in two months. It had reached a price of Rs 1592 from Rs 681. However, if we look at the current price, the stock is currently trading 18% below its 52-week high. The stock has gained 20% in the last 5 days, 32% in 1 month, 35% in 6 months, 78% in 1 year and 163% in the last 5 years.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗