Paras Defence Share Price Rises 8% Ahead Of Stock Split Decision; Defence Stocks Rebound
Shares of Paras Defence and Space Technologies Ltd rose as much as 8% on the NSE in early trade on Monday, tracking gains in the broader defence sector and ahead of its board meeting this week.
The company is scheduled to consider a stock split at its board meeting on Wednesday, alongside the approval of its audited financial results for the fourth quarter and financial year 2025 and a potential final dividend. The company, however, has not disclosed the proposed ratio for the stock split yet, according to its regulatory filing on Friday.
The stock’s momentum was also supported by a sector-wide rebound. Defence stocks, which saw profit-booking pressure last week, were advancing on Monday as buying interest returned. Nifty Defence was…
