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Economic Times
07-07-2025
- Business
- Economic Times
Paras Defence shares fall 6% as post-split rally stalls
Paras Defence and Space Technologies' shares declined 6.1% on Monday due to profit booking after a recent rally triggered by a 1:2 stock split. Despite the dip, the stock remains above key moving averages, indicating underlying strength. However, an overbought RSI suggests a potential near-term pullback, even as the stock has shown strong gains over the past year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Paras Defence and Space Technologies fell as much as 6.1% on Monday to Rs 876.55 on the BSE , as investors booked profits following last week's sharp rally triggered by the company's 1:2 stock split The stock, which had surged over 8% on Friday post-adjustment, saw a reversal in sentiment even as underlying technical indicators continued to show strength. The decline comes despite bullish cues, with the stock still trading above all eight key simple moving averages (SMAs) — from the 5-day to the 200-day — and the Moving Average Convergence Divergence (MACD) remaining above both the center and signal rally followed the company's stock split becoming effective on July 4, which was also the record date for the sub-division. The split, changing the face value from Rs 10 to Rs 5 per share, had been approved by shareholders via postal ballot on June 7, 2025, as disclosed in a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 42).However, with the Relative Strength Index (RSI) at 70.7 — a level considered overbought — a near-term pullback remains likely. Paras Defence shares continue to show strong performance over broader timeframes. The stock is up 14.4% over the past year and has surged 82.4% in the last six months. In the past three months alone, it has gained 79%, including a 7% rise over the past month. Paras Defence 's market capitalisation currently stands at Rs 7,442.64 crore.
Time of India
07-07-2025
- Business
- Time of India
Paras Defence shares fall 6% as post-split rally stalls
Paras Defence and Space Technologies' shares declined 6.1% on Monday due to profit booking after a recent rally triggered by a 1:2 stock split. Despite the dip, the stock remains above key moving averages, indicating underlying strength. However, an overbought RSI suggests a potential near-term pullback, even as the stock has shown strong gains over the past year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Paras Defence and Space Technologies fell as much as 6.1% on Monday to Rs 876.55 on the BSE , as investors booked profits following last week's sharp rally triggered by the company's 1:2 stock split The stock, which had surged over 8% on Friday post-adjustment, saw a reversal in sentiment even as underlying technical indicators continued to show strength. The decline comes despite bullish cues, with the stock still trading above all eight key simple moving averages (SMAs) — from the 5-day to the 200-day — and the Moving Average Convergence Divergence (MACD) remaining above both the center and signal rally followed the company's stock split becoming effective on July 4, which was also the record date for the sub-division. The split, changing the face value from Rs 10 to Rs 5 per share, had been approved by shareholders via postal ballot on June 7, 2025, as disclosed in a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 42).However, with the Relative Strength Index (RSI) at 70.7 — a level considered overbought — a near-term pullback remains likely. Paras Defence shares continue to show strong performance over broader timeframes. The stock is up 14.4% over the past year and has surged 82.4% in the last six months. In the past three months alone, it has gained 79%, including a 7% rise over the past month. Paras Defence 's market capitalisation currently stands at Rs 7,442.64 crore.
Economic Times
04-07-2025
- Business
- Economic Times
Paras Defence shares rally 8% post stock split
Paras Defence and Space Technologies shares rose over 8% on Friday. This followed a 1:2 stock split. The company's market capitalisation is now Rs 7,442.64 crore. The stock split became effective on July 4. It aimed to boost liquidity and attract more retail investors. The stock's RSI indicates neutral momentum. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Paras Defence and Space Technologies Ltd. climbed over 8% on Friday, trading at Rs 921.20 post-adjustment for the recently executed 1:2 stock split , compared to the pre-split closing price of Rs 1, company now holds a market capitalisation of Rs 7,442.64 crore, drawing increased investor interest following the surge in activity comes after the stock split became effective today, July 4 — which was also set as the record date for the sub-division. As per a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 42), Paras Defence had earlier received shareholder approval via postal ballot on June 7, 2025, to split each Rs 10 face-value share into two Rs 5 split is aimed at enhancing liquidity and broadening retail investor participation — a move often seen as a sign of management's confidence in the company's future performance. Despite the price adjustment, the stock's overall value remains unchanged, and investor interest has remained the technical front, the stock shows strength:The 14-day Relative Strength Index (RSI) stands at 59.7, indicating neutral momentum. (An RSI below 30 suggests the stock may be oversold, while a reading above 70 indicates it could be overbought.)Additionally, Paras Defence is trading above all its key moving averages — from the short-term 5-day DMA to the long-term 200-day DMA — a positive signal suggesting the stock is in a strong uptrend across timeframes.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
04-07-2025
- Business
- Time of India
Paras Defence shares rally 8% post stock split
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Paras Defence and Space Technologies Ltd. climbed over 8% on Friday, trading at Rs 921.20 post-adjustment for the recently executed 1:2 stock split , compared to the pre-split closing price of Rs 1, company now holds a market capitalisation of Rs 7,442.64 crore, drawing increased investor interest following the surge in activity comes after the stock split became effective today, July 4 — which was also set as the record date for the sub-division. As per a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 42), Paras Defence had earlier received shareholder approval via postal ballot on June 7, 2025, to split each Rs 10 face-value share into two Rs 5 split is aimed at enhancing liquidity and broadening retail investor participation — a move often seen as a sign of management's confidence in the company's future performance. Despite the price adjustment, the stock's overall value remains unchanged, and investor interest has remained the technical front, the stock shows strength:The 14-day Relative Strength Index (RSI) stands at 59.7, indicating neutral momentum. (An RSI below 30 suggests the stock may be oversold, while a reading above 70 indicates it could be overbought.)Additionally, Paras Defence is trading above all its key moving averages — from the short-term 5-day DMA to the long-term 200-day DMA — a positive signal suggesting the stock is in a strong uptrend across timeframes.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
