Paras Defence shares rise 40% in 3 days ahead of stock split, Q4 results announcement today
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Shares of Paras Defence and Space Technologies have surged 40.5% over the past three trading sessions, hitting a high of Rs 1,469 on BSE, ahead of the company's Q4 results and stock split announcement due later today.The rally has also been fuelled by rising geopolitical tensions between India and Pakistan following the Pahalgam terror attack, and positive sentiment around the Rafale-M fighter jet deal.Paras Defence's board is scheduled to meet on April 30 to consider and approve the financial results for the quarter ended March 2025, as well as a stock split.'Pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 30, 2025, inter alia: i. to consider and approve the sub-division/split of existing equity shares of the Company pursuant to the provisions of Section 61 of the Companies Act, 2013,' the company said in an exchange filing.The board will also consider the payment of a dividend to equity shareholders in the same meeting.According to Trendlyne data, this will mark the first time the company has proposed both a stock split and dividend for shareholders.Also read: Bajaj Finserv shares slide 6% after Q4 results fail to impress investors Defence stocks , including Paras Defence, are in focus as India and France are set to officially finalise a Rs 63,000 crore agreement for 26 Rafale-M fighter jets. Initial deliveries are expected in about three and a half years, with the full contract scheduled for completion within six and a half years.Paras Defence has also benefited from renewed buying interest amid escalating tensions between India and Pakistan after the Pahalgam terror attack last week. The April 22 attack claimed 26 civilian lives and has sparked widespread outrage in India, with growing demands for retaliation.Pakistan's Defence Minister Khawaja Muhammad Asif stated that a military incursion by India was now imminent. India has blamed Pakistan for backing the perpetrators, calling it the deadliest civilian attack in recent years.
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