On January 9, 2025, Paras Defence share price recorded a correction and slipped over 2%, reaching a day low of ₹1,074.10 at 10:20 AM, after opening at ₹1,117.80. The fall in Paras Defence share price came after a gain of over 15% in the past 2 trading sessions. The shares of Paras Defence have recently touched a high of ₹1,153.25 on Jan 8, 2025. Paras Defence shares are currently trading over the 52-week low-high average, where, the 52-week high stands at ₹1,592.75 while the 52-week low is at ₹608.75.
The gain of over 15% in Paras Defence shares came after the company revealed that it has received a License under the Arms Act, 1959 to manufacture MK-46 and MK-48 Belt-fed Light Machine Gun (LMG) – Modernised Enhanced and Redefined LMG with a proposed annual capacity of 6000 nos each.
Paras Defence and Space Technologies (PDST) is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments – Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions
During Q2 FY25, Paras Defence and Space Technologies witnessed a 45% YoY rise in net profit, which reached ₹12.7 crore, a significant increase from ₹8.76 crore in the same quarter of the prior year. The company’s revenue grew by 42% YoY to ₹87.09 crore during the period.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jan 9, 2025, 11:27 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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