INSUBCONTINENT EXCLUSIVE:
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 1,696.20.The company now holds a market capitalisation of Rs 7,442.64 crore, drawing increased investor interest following the
shareholder approval via postal ballot on June 7, 2025, to split each Rs 10 face-value share into two Rs 5 shares.The split is aimed at
the stock shows strength:
Live EventsThe 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
stock is in a strong uptrend across timeframes.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their
These do not represent the views of the Economic Times)
