PARAS DEF AND SPCE TECH L

As of May 16, 2025, Paras Defence and Space Technologies Ltd (NSE: PARAS) experienced a significant surge in its stock price.

📈 1-Day Stock Performance (May 16, 2025)
Closing Price: ₹1,799.50

Price Change: +₹285.00 (+18.82%)

Day’s Range: ₹1,515.30 – ₹1,817.40

Volume: Approximately 7.7 million shares traded

📊 Recent Performance Overview
1-Week Gain: +32.39%

1-Month Gain: +73.35%

Year-to-Date (YTD) Return: +63.05%

📰 Key Developments
Stock Split Announcement: The company declared a 1:2 stock split, enhancing liquidity and making shares more affordable for investors.

Strong Q1 Financials: Paras Defence reported a 97% year-over-year increase in net profit for Q1 FY25, indicating robust operational performance.

Sectoral Momentum: The defense sector has been on an upswing, with Paras Defence among the leading gainers amid a broader rally in defense stocks.