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Paras Defence Share Price: Shares of Paras Defence and Space Technologies soared in trading today, rising 10.7 per cent or Rs 68.15 to Rs 706.45 as of 11:55 am. During the session, the stock hit a high of Rs 722.20, marking a 13 per cent upside.
The rally comes despite broader market weakness. At the same time, BSE’s Sensex was down 1.5 per cent, or 1,263.3 points, at 80,023.80, while the Nifty 50 fell 1.5 per cent to 24,795.05.
Drivers Behind the Rally
Geopolitical Tensions Boost Defence Stocks
Rising geopolitical tensions between Iran and the United States have driven a surge in Paras Defence and Space Technologies shares. Escalating uncertainty, including air strikes and retaliatory actions, has heightened global risk, prompting investors to turn to defence stocks, which are seen as potential beneficiaries of increased government spending.
During such conflicts, defence companies often secure larger contracts and accelerated procurement orders, supporting earnings prospects.
This rotation into defence equities comes even as broader markets soften, with investors seeking stability and growth opportunities amid geopolitical risk, lifting Paras Defence shares in today’s trading session.
Entry into the Semiconductor Sector
Adding to the momentum, Paras Defence announced the launch of a new subsidiary, Paras Semiconductors Pvt Ltd, where it will hold a 70 per cent stake. The unit plans to set up an advanced heterogeneous and 3D packaging OSAT facility targeting applications in artificial intelligence, high-performance computing, networking, and data centres.
Paras Defence Stock Performance
Paras Defence has shown mixed performance over different time frames.
In the short term, the stock gained 65.05 points (10.18 per cent) in the past week and 70.50 points (11.13 per cent) over the last two weeks. Over the past month, it rose 46.25 points, a 7.03 per cent increase, and year-to-date, it gained 19.35 points (2.83 per cent).
However, in the three-month period, the stock saw a slight decline of 1.35 points (-0.19 per cent). Looking at the medium to long term, Paras Defence increased by 34 points (5.08 per cent) over six months, 266.77 points (61.04 per cent) in one year, 337.40 points (92.09 per cent) in two years, and 469.57 points (200.47 per cent) over three years.
How are other defence stocks doing?
Defence stocks showed a mixed trend. BEL gained 1.16 per cent, HAL rose 0.40 per cent, and BDL edged up 0.41 per cent. Solar Industries advanced 3.11 per cent, while Data Patterns added 0.37 per cent.
However, from an overall perspective, the Nifty India Defence index remained largely flat, slipping marginally by 0.02 per cent, indicating selective buying across the sector.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience consult their financial advisors before making any money-related decisions.)
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