Paras Defence shares jump 50% in 1 month; company likely to announce stock split today; check all details

The stock hit a high of ₹1,469 on the BSE against the previous close of ₹1,337.05 – up 10%.

The stock has been on a rising spree over the past few sessions. BSE data show that the scrip has rallied 47.95% in the past 30 days, 35.85% in the past two weeks, and 32.09% in the past week.

In comparison, the benchmark S&P BSE SENSEX has gained 3.69% in the past 30 days.

The stock of Paras Defence is in focus today as the company will announce its March quarter numbers. In addition, the company is also expected to announce a stock split as well as a dividend.

In its April 25 filing to stock exchanges, the company said that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 30, 2025, inter alia:

• to consider and approve the Standalone and Consolidated Audited Financial Results of the Company for the quarter and year ended March 31, 2025;

• to consider and approve the subdivision/split of existing equity shares of the Company pursuant to the provisions of Section 61 of the Companies Act, 2013;

• to consider and recommend payment of dividend on equity shares of the Company for the financial year ended March 31, 2025.

About Paras Defence

Paras Defence & Space Technologies is one of the key names in India’s defence and space landscape. With a focus on the defence and space sector, the company has two verticals of its business, namely optics & optronic systems and defence engineering (comprising defence electronics, EMP protection solutions & heavy engineering).

Paras Defence is involved in technologies for rockets & missiles, space & space research, naval systems, land & armoured vehicles, and electronic warfare & surveillance and electromagnetic shielding, to name a few.

Along with this, through its subsidiaries, the company is also involved in technologies such as drones, RF & microwave, anti-drone systems, EO/IR systems for avionic platforms and quantum communication, amongst others.

Paras Defence is a part of the BSE small-cap universe.