Paras Defence to trade ex-split on Friday. Last chance to buy today
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
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 on this day. Today will be the final opportunity for investors to buy the stocks to become eligible for additional shares as a result of 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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
23 minutes ago
- New Indian Express
Finally, CCMC begins repaving of MGR market roads
COIMBATORE: Bringing much-needed relief to traders and transporters, the Coimbatore City Municipal Corporation (CCMC) has finally begun laying fresh asphalt roads inside the MGR Wholesale Vegetable Market. The civic body took up the work after years of persistent complaints and prolonged delays. For decades, traders operating from the market had been demanding basic road infrastructure, as the area turned into a virtual swamp even after a short spell of rain. The situation was particularly dire during the recent monsoon spell, when stagnant water and thick slush made the market premises inaccessible for both vendors and customers. Several vegetable-laden trucks even got stuck in the sludge, further affecting business. The ongoing renovation of the MGR Market was initiated over two years ago under the Capital Grants Scheme with Rs 3.15 crore allocated in the 2023-24 budget for its overhaul. It was part of a broader city initiative to modernise three major markets including the MGR Wholesale Vegetable Market, the Anna daily market, and the Tomato market in Sundarapuram. However, progress on the MGR Market project remained painfully slow until now, much to the frustration of the traders. Vegetables are brought to the MGR Market daily from across Tamil Nadu and other states like Karnataka, and in turn, distributed to various parts of Coimbatore and even neighbouring Kerala. Over 112 licensed shopkeepers operate from the market, along with hundreds of loadmen and vendors who depend on it for their livelihood. "The poor roads were affecting not just our business but also the safety of everyone here," said D Muthu, a long-time trader. "We are finally seeing some action after years of waiting." With the fresh blacktopping work now underway, there is a renewed sense of optimism among the market community that further improvements might soon follow.
India Today
35 minutes ago
- India Today
Amazon Prime Day sale: Last day to avail huge discounts on iPhone 16e, Galaxy S24 Ultra
Amazon's Prime Day 2025 is officially underway, and it's bringing the heat -- not just in temperature, but in deals too! The annual shopping sale, live now until July 14, is offering some of the year's most irresistible discounts on gadgets, including smartphones, laptops, and more. But if you've had your eye on a new smartphone, this might be the moment you've been waiting for. advertisementWhether you're a team Android or a loyal Apple fan, there's something for Prime Day sale: Discounts on iPhone 16e, Galaxy S24 Ultra and moreAmong the biggest head-turners is the freshly launched iPhone 16e, which made its India debut at Rs 59,999. Thanks to a combo of instant and bank discounts, you can now snag it for just Rs 49,999. That's right, ten thousand bucks saved, just like that. The iPhone 15 isn't missing out on the fun either. Originally Rs 69,900, it's effectively down to Rs 57,249. That's nearly Rs 12,600 off! Prefer Android powerhouses? The deals get even juicier. The mighty Samsung Galaxy S24 Ultra, originally priced at a hefty Rs 1,29,999, is crashing down to Rs 74,999, possibly one of the wildest price drops of the sale. Meanwhile, OnePlus is slicing prices across the board. The new OnePlus 13 is Rs 5,000 off straight away, and an extra Rs 5,000 vanishes if you use select bank cards, bringing the total down to Rs 59,999 from Rs 69, looking to break the bank but still want a solid upgrade? The OnePlus 13s is getting a sweet bank offer that drags it below the Rs 50,000 mark. And the OnePlus 13R, already a wallet-friendly flagship, will dip from Rs 42,999 to an effective Rs 39,999. For those chasing performance on a budget, the iQOO Neo 10R drops to Rs 23,499, and the OnePlus Nord CE 4 Lite can be yours for just Rs 15,999, an excellent deal on a device that was already a steal at Rs 19, wait, there's more! Big-name budget phones like the Realme Narzo 80 Pro, Lava Storm Play, Redmi A4, iQOO Z10x, and Samsung Galaxy A55 are all getting price trims during the sale. So no matter your budget, you've got it's not just about phones, audiophiles, rejoice! Amazon's bringing big-name audio tech into the spotlight too. The Sennheiser Ambeo Soundbar Mini is dropping massively from Rs 74,990 to Rs 44,990, while the acclaimed Momentum 4 Wireless headphones are marked down to Rs 20,990. Even the slick Accentum Special Edition cans are down to an effective Rs 9,900.- Ends
Time of India
41 minutes ago
- Time of India
Mcap of eight of top-10 firms erodes by Rs 2.07 lakh cr; TCS, Airtel biggest laggards
The combined market valuation of eight of the top 10 valued firms eroded by Rs 2.07 lakh crore (Rs 2,07,501.58 crore) last week, with Tata Consultancy Services and Bharti Airtel emerging as the worst hit. Last week, the benchmark BSE Sensex dropped 932.42 points or 1.11 per cent. From the top 10 pack, only Bajaj Finance and Hindustan Unilever closed the week with gains in their valuation. Among major losers, the market valuation of Tata Consultancy Services (TCS) tumbled Rs 56,279.35 crore to Rs 11,81,450.30 crore. Shares of TCS dropped nearly 3.50 per cent on Friday after its June quarter earnings failed to enthuse investors. Bharti Airtel's valuation eroded by Rs 54,483.62 crore to Rs 10,95,887.62 crore. Live Events The market valuation of Reliance Industries dropped by Rs 44,048.2 crore to Rs 20,22,901.67 crore and that of Infosys by Rs 18,818.86 crore to Rs 6,62,564.94 crore. The market capitalisation (mcap) of ICICI Bank tanked Rs 14,556.84 crore to Rs 10,14,913.73 crore. The valuation of Life Insurance Corporation of India (LIC) diminished by Rs 11,954.25 crore to Rs 5,83,322.91 crore. The mcap of HDFC Bank declined by Rs 4,370.71 crore to Rs 15,20,969.01 crore and that of State Bank of India went lower by Rs 2,989.75 crore to Rs 7,21,555.53 crore. However, the valuation of Hindustan Unilever Ltd jumped Rs 42,363.13 crore to Rs 5,92,120.49 crore. Shares of Hindustan Unilever Ltd (HUL) on Friday surged nearly 5 per cent after the company announced that Priya Nair will become its first woman CEO and MD. The mcap of Bajaj Finance climbed Rs 5,033.57 crore to Rs 5,80,010.68 crore. Reliance Industries was the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever in that order.
