Paras Defence Shares Slip Despite Update On Stock Split, Q4 Earnings 

Shares of Paras Defence and Space Technologies were trading successful nan reddish successful nan day convention connected Friday moreover arsenic nan patient said its committee would see a banal divided and Q4, fiscal twelvemonth net successful a gathering connected April 30. Paras Defence shares slipped 5.29% to Rs 1016 against nan erstwhile adjacent of Rs 1072.75 connected BSE. Market headdress of nan patient stood astatine Rs 4164 crore connected BSE. 

Total 0.66 lakh shares of nan patient changed hands amounting to a turnover of Rs 6.96 crore. The banal fell to a 52-week debased of Rs 681.95 connected May 10,2024 and roseate to a 52 week precocious of Rs 1592.75 connected July 5, 2024. 

Paras Defence banal has a beta of 1.5, indicating precocious volatility successful year.

Paras Defence banal is trading neither successful nan overbought nor successful nan oversold zone, signals its comparative spot scale (RSI) which stands astatine 63.8. Paras Defence shares are trading higher than nan 5 day, 10 day, 50 day, 100 time and 200 time but little than nan 20 time and 30 time moving averages.

"Paras Defence And Space Technologies Ltd has informed BSE that nan gathering of nan Board of Directors of nan Company is scheduled connected 30/04/2025 ,inter alia, to see and o.k. i. to see and o.k. nan Standalone and Consolidated Audited Financial Results of nan Company for nan 4th and twelvemonth ended March 31, 2025. ii. to see and o.k. nan sub-division / divided of existing equity shares of nan Company pursuant to nan provisions of Section 61 of nan Companies Act, 2013. iii. to see and urge costs of dividend connected equity shares of nan Company for nan financial twelvemonth ended March 31, 2025," said Paras Defence. 

Paras Defence is engaged successful designing, developing, manufacturing, and testing a wide scope of defence and abstraction engineering products and solutions. Paras Defence's business is highly limited connected projects and programmes that are undertaken by nan cardinal authorities and associated entities, specified arsenic defence nationalist assemblage undertakings and authorities organisations progressive successful abstraction research.

Published on: Apr 25, 2025 12:44 PM IST