Paras Defence & Space Technologies' shares are in focus as the company prepares for its first-ever stock split on July 4, with investors benefiting from multibagger returns in the past few years.
The company's subsidiary, Paras Anti-Drone Technologies Ltd., secured a significant international order from a European defense firm worth Rs 22 crore, boosting investor confidence.
Under the 1:2 stock split ratio, shareholders must own the stock by July 3 to be eligible, as buying shares on the record date will not qualify. Paras Defence share price has surged over the years, delivering substantial returns to investors.
Paras Defence share price saw a 2.3% intraday increase to Rs 1,735, with a 14% rise in the last 12 months. The stock has delivered impressive returns of 190% in three years and 247.55% in five years.