Paras Defence Share: 1 month... 50% jump; this defence stock became a rocket
Paras Defence Stock In Focus: The trend of boom in the stock market continues and Sensex-Nifty are constantly climbing up. Meanwhile, in the last few days, the stock of defence sector company Paras Defence has been seen running at the speed of a rocket and in a month itself it has given a huge return and increased the investors' money. Now this Defence Firm has signed a big deal with an Israeli company, the announcement of which started on Monday as soon as the trading started in the stock market and it opened by jumping more than 3%.
Paras Defence has been witnessing a strong rally for the past few days and in a month its price has climbed around 50 percent.
Company has made a big deal with an Israeli firm
The deal is related to drone manufacturing. First of all, let us tell you about this deal, so defense engineering firm Paras Defense, while giving information in the stock exchange filing on Monday, the last trading day, said that it has signed a deal with Israel-based Havendrones Ltd. The company said that this deal has been done to increase its strength in the defense and civil drone market.
1 month... 50% jump
Under this, a joint venture of both will be established, which is to manufacture logistics and cargo drones. However, the price of this agreement has not been disclosed. The effect of this deal with the Israeli company was seen on the shares of this company as soon as trading started in the stock market on Tuesday.
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Although Sensex and Nifty started trading with sluggishness, but Paras Defense Stock jumped 3.12 percent as soon as it opened. After opening at Rs 1395, it was seen trading at Rs 1428.90 within minutes. Rocket made after Pahalgam attack
Defence stock became a rocket
After the terrorist attack in Pahalgam, Srinagar on 22 April 2025, the stock of Paras Defense has seen a strong rise. After the action taken by India on Pakistan after the attack, the shares of all the defense companies have seen a rise and Paras Defense is also at the top number in it.
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Apart from this, the effect of the company's excellent quarterly results that came last week has also been seen in the form of a rise on the stock.
Paras Defense's profit jumped 97%
Last week, Paras Defense announced its March quarter results, which were excellent. The company had reported that it has increased its net profit by 97 percent year-on-year, and it was Rs 19.7 crore in Q4 this year as compared to Rs 10 crore in the same quarter last year.
Summary
The company's revenue has also increased to Rs 108.20 crore during this period. After the announcement of quarterly results, the company has also announced stock split and dividend.
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