Paras Defence share price today recorded steep surge of 14.53% on Bombay Stock Exchange (BSE) to Rs 1308.45 per share as Sensex gained 171.06 points to 80,389.43. The rally in the stock triggered as Board of Directors are scheduled to hold a meeting on April 30, 2025 to consider financial results, first ever stock split and dividend. Earlier, the defence sector stock zoomed 22.27% in last 1-week span and offered impressive gains of 35.34% in last 1-month only when Sensex gained 1.00% and 3.85%, respectively. The company has a market capitalisation of Rs 5,221.05 crore with return on equity (ROE) stood at 12.22%. Meanwhile, Sumeet Bagadia, Executive Director at Choice Broking has recommended investors to buy Paras Defence shares. It is important to note that FII/FPI’s holdings rallied from 4.84% to 5.24% for March 2025 quarter. Check key details below:
Paras Defence To Consider Results, Maiden Dividend, & Stock Split
According to the exchange filing of the company dated April 25, 2025, Board of Directors of the firm will convene meeting on Wednesday, April 30, 2025 to consider and approve Standalone and Consolidated Audited Financial Results of the Company for the quarter and year ended March 31, 2025. It will also mull and approve sub-division / split of existing equity shares of the Company pursuant to the provisions of Section 61 of the Companies Act, 2013. The Board of the defence stock will consider and recommended the proposal of payment of dividend on equity shares of the Company for the financial year ended March 31, 2025.
Paras Defence Dividend History
It has never declared any dividend till date.
Paras Defence Stock Split History
It has not also declared any stock split till date.
Paras Defence Shares Performance
The 52-week high of Paras Defence share price on BSE is Rs 1592.75 per share (as on 05/07/2024) and 52-week low price is Rs 681.95 per share (as on 10/05/2024), respectively. Paras Defence shares surged 25.00% in last 2-weeks when Sensex gained 4.77% and BSE Industrials index rose 3.85%. The stock outperformed broader market in last 1-month span. In last 1-year, Paras Defence stock price zoomed 77.94%, zoomed 139.9% in last 2-years, and offered returns of 91.66% in last 3-years.
Paras Defence Financials Compared With Peers
The company declared 16.57 crore profit after tax (PAT) for December 2024 quarter. On the contrary, HAL declared its PAT for December quarter at Rs 1432.60 crore, AXISCADES announced a PAT of 3.78 crore, and ROSSTECH reported a PAT of 4.97 crore for Dec quarter.
Paras Defence Receives Buy Call
Leading analyst Sumeet Bagadia has buy call on Paras Defence shares with target price of Rs 1234 and recommended investors to maintain the stop loss at Rs 1100. The brokerage firm has suggested to buy the defence stock at Rs 1143.75 per share.
Paras Defence and Space Technologies About
Paras Defence & Space Technologies offers a wide range of Products & Solutions for Defence & Space Applications. With focus on Defence & Space Sector we have two verticals of our business, namely Optics & Optronic Systems & Defence Engineering (comprising of Defence Electronics, EMP Protection Solutions & Heavy Engineering), according to official website.
Disclaimer: The stock has been picked from the brokerage report of Choice Broking. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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