The company announced two major joint ventures (JVs) that signal a promising chapter in its growth trajectory.

The stock opened at 190.8 and reached a high of 212.6, experiencing fluctuations between the intraday low of 190.1 and the current market price (CMP) of 207.2. This considerable price action reflects a 9.69 per cent increase from the previous close of 188.9.

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 3.83 per share.

Price volume breakout is a potential trading opportunity that occurs in trending markets, up or down. In sideways markets, these opportunities are minimized.

This stock has generated multibagger returns of 197.24 per cent in last 3 years. The company has been maintaining a healthy dividend payout of 26 per cent. Company is almost debt free.

The stock gave multibagger returns of 470 per cent in just 3 years whereas BSE Teck Index is up by 43.4 per cent.

The company has appointed two industry veterans as advisors for the Middle East and North Africa (MENA) region: Mr Jerry White and Ms Anu Aga.

IPO Rating: Apply for the long-term 

Paras Defence and Space Technologies Limited announced the incorporation of a new subsidiary, Mechtech Thermal Private Limited. The proposed subsidiary will focus on the design, development, and validation of thermal products tailored for the Aviation, Defence, and Space industries, along with allied sectors.

The market capitalization of BSE-listed companies was Rs 3,51,29,122 crore or approx. Rs 351 lakh crore as of December 13, 2023.