Only Buyers & 52-Week High Alert: Multibagger Defence Stock Locked in 20 Per Cent Upper Circuit on May 16; Board Announces 2:1 Stock Split
The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 718.25 per share.
On Friday, shares of Paras Defence and Space Technologies Ltd were locked in a 20 per cent upper circuit to Rs 1,816.80 per share from its previous closing of Rs 1,514 per share. The stock also made a new 52-week high of Rs 1,816.80 per share and its 52-week low is Rs 715.20 per share. The shares of the company saw a spurt in volume by more than 1.50 times on the BSE.
Paras Defence and Space Technologies Ltd (PDST) is a leading private Indian company in the defence and space sector. They design, develop, manufacture, and test a wide range of products and solutions for these critical fields. PDST caters to four main areas: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse (EMP) Protection Solutions. This specialisation allows them to serve a diverse clientele. They supply their products to both government and private entities.
Some of their government clients include prestigious organisations like the Indian Defence Force (IDF), Defence Research and Development Organisation (DRDO), Bharat Electronics Limited (BEL), Indian Space Research Organisation (ISRO), Hindustan Aeronautics Limited (HAL), and various shipyards. In the private sector, they partner with companies like Godrej, Tata Power, Larsen & Toubro, Kirloskar, TCS, and Solar Industries. Their reach extends beyond India as well, with international clients including Israel Aerospace Industries, Rafale Advanced Defence Systems, and Elbit Systems.
Paras Defence & Space Technologies Limited has announced a sub-division or split of its existing equity shares in the ratio of 1:2, meaning every one share with a face value of Rs 10 will be divided into two shares with a face value of Rs 5 each. Furthermore, the company's board has recommended a final dividend of Rs 0.50 per equity share of Rs 5 for the financial year ending March 31, 2025, which will be paid post the completion of the aforementioned stock split.
DSIJ offers a service 'PAS' which provides stock recommendations that have the potential to generate excellent returns on your portfolio. If this interests you, download the service details pdf here
Paras Defence and Space Technologies Ltd. has formed a strategic joint venture with Israel's HevenDrones to establish an Indian entity focused on designing, manufacturing, and supplying advanced drone systems for India's defence and homeland security. This partnership uniquely combines Paras Defence's engineering and manufacturing expertise with HevenDrones' proprietary hydrogen-powered drone technology, marking the first time this revolutionary solution will be available in India. The joint venture aims to produce and deploy long-endurance, modular payload drones for applications like logistics, surveillance, and high-altitude missions, with future ambitions to expand into global markets after solidifying its presence in the Indian market.
According to Quarterly Results, the net sales increased by 36 per cent to Rs 108.23 crore and net profit increased by 117 per cent to Rs 20.76 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 44 per cent to Rs 364.66 crore and net profit increased by 104 per cent to Rs 61.46 crore in FY25 compared to FY24.
The company has a market cap of over Rs 7,300 crore with a 1-year stock price CAGR of 100 per cent. The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 718.25 per share.
Disclaimer: The article is for informational purposes only and not investment advice.