FIIs bought 8,21,215 shares & DIIs bought 2,50,252 shares: Defence Stock Hits 10% Upper Circuit Post Stock Split Execution

Shares of Paras Defence and Space Technologies surged 9.99 per cent on Friday, July 4, after the company’s stock split came into effect. The stock opened at Rs 858 on the National Stock Exchange and hit an intraday high of Rs 933.60, reflecting positive investor sentiment post-split.

The company had earlier announced the stock split on April 30, alongside its March quarter earnings. Paras Defence stated that its board recommended a subdivision of shares in the ratio of 1:2. This means one equity share of face value Rs 10 has been split into two equity shares of face value Rs 5 each, fully paid-up, subject to shareholder approval.

The proposal was approved via postal ballot on June 7, 2025, and the company fixed July 4, 2025, as the record date to determine eligible shareholders. Stock splits generally enhance liquidity and reduce the per-share price, making the stock more accessible to a wider base of investors, particularly in the Small-Cap and Mid-Cap segment.

In terms of financial performance, Paras Defence reported a consolidated net profit of Rs 19.72 crore for Q4 FY25, marking a sharp 97.79 per cent year-on-year increase compared to Rs 9.97 crore in the same quarter last year. Revenue from operations also grew significantly to Rs 108.23 crore, up 35.8 per cent from Rs 79.69 crore in Q4 FY24. Total income rose to Rs 112.28 crore, a 31.8 per cent increase from Rs 85.17 crore a year ago.

In May 2025, Promoters sold 13,34,208 shares while FIIs bought 8,21,215 shares & DIIs bought 2,50,252 shares. The company has a market cap of over Rs 6,700 crore with a 1-year stock price CAGR of 13 per cent. The stock gave multibagger returns of over 105 per cent from its 52-week low of Rs 802 per share.

Disclaimer: The article is for informational purposes only and not investment advice.