Paras Defence to trade ex-split on Friday. Last chance to buy today
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Shares of Paras Defence and Space Technologies will trade ex-split on Friday, July 4, as the company has set this as the record date for its 1:2 stock split . Today marks the final opportunity for investors to buy the stock to be eligible for additional shares resulting from the sub-division.Under the stock split, equity shares of face value of Rs 10 each fully paid up into 2 equity shares of face value of Rs 5 each fully paid up.Ex-split is the date on which a stock starts trading at its new price and adjusted share quantity following a stock split. If the investor buys shares on or after the ex-split date, he will buy them at the split-adjusted price and quantity. A stock split increases the number of shares while reducing the price per share proportionally, without affecting the total market value of an investor's holdings.The company received shareholders approval for the split on June 7, 2025 and the company had informed the exchanges about the development via a June 10 filing. Paras Defence and Space Technologies shares have been top firm this year, delivering returns of 69% so far and outperforming the Nifty whose returns stand at 7%. The counter has given returns of 18% over a one-year period versus 5.5% by the 50-stock index.The company offers services related to concept-to-commissioning in the area of defence electronics, defence & space optics and defence heavy engineering. Paras Defence claims to be the only company in India to manufacture infrared optics in large quantities.Paras Defence reported a consolidated quarterly net profit at Rs 20 crore in Q4FY25, recording a growth of 97.8% YoY. Meanwhile, the total revenue for the March ended quarter stood at Rs112 crore, which was growth of 31.8% YoY.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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