Paras Defence shares jump 5% today, up 30% in 3 days as geopolitical tension, stock split buzz fuel rally
Shares of Paras Defence and Space Technologies Ltd continued their stellar run, rising another 5.10% on Tuesday to Rs 1,406.00, adding to a 30% rally over the past three sessions. The sharp surge comes amid heightened geopolitical tensions between India and Pakistan and rising investor interest ahead of a key board meeting scheduled for April 30.
The stock had already gained nearly 16% on Monday following market reactions to the Pahalgam terror attack and subsequent military activity at the Line of Control. Continued ceasefire violations by Pakistan and the Indian government's assertive posture, including suspension of the Indus Water Treaty and other diplomatic actions, have increased focus on the defence sector.
Adding further momentum, Paras Defence investors are now eyeing today's board meeting, where the company will consider a stock split and a potential dividend announcement. The proposed stock split aims to enhance share liquidity and retail participation, while the dividend could mark the first payout of the current fiscal year.
On the business front, Paras Defence remains a critical player in defence and space manufacturing, and the sentiment has been further lifted by India's upcoming Rs 63,000 crore Rafale-M jet deal with France.
As of 9:38 AM, the stock was trading at Rs 1,406, significantly higher than its previous close of Rs 1,337.80.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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