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Bloomberg Quint

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Image Credit: Bloomberg Quint

Multibagger Paras Defence In Focus On First-Ever Stock Split — Last Chance To Buy Ahead Of Record Date

  • 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.

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