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Paras Defence Shares Jump 9% After First 1:2 Stock Split

Unadjusted trading apps showed a misleading 50% plunge after the corporate action

Paras Defence share price, smallcap multiubagger defence stock, Paras Defence
Mutibagger Paras Defence shares hit 10% upper circuit level after adjusting for 1:2 stock split
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Paras Defence and Space Technologies | Image: Paras Defence and Space Technologies

Overview

  • Paras Defence executed its first 1:2 stock split on July 4, converting each ₹10 share into two ₹5 shares.
  • After trading ex-split, the stock rose over 9% intraday despite some apps displaying an apparent 50% drop due to unadjusted quotes.
  • Subsidiary Paras Anti-Drone Technologies won a €2.2 million Letter of Intent from French firm Cerbair to supply 30 CHIMERA 200 counter-drone systems.
  • The stock has delivered nearly 950% returns since its September 2021 IPO and gained about 130% in the past three months.
  • Nirmal Bang Institutional Equities projects the group’s orderbook will reach ₹1,000 crore in FY26 and ₹1,500 crore thereafter as it shifts toward value-added systems.