Promoter Of This Multibagger Defence Stock Gains Rs 3,87,03,04,586 In A Single Day; FII Stake Increases
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Paras Defence and Space Technologies has delivered over 106 per cent returns in six months, while FII shareholding increased to 5.06 per cent in Q4FY26 and promoter Munjal Sharad Shah's wealth surged by Rs 3,87,03,04,586 in a single trading session
✨ Key Takeaways
On Wednesday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index gaining 85.80 points, or 0.36 per cent, to 24,074.95. Amid the broader market strength, Defence-and-space-technologies-ltd-301603">Paras Defence and Space Technologies share price traded at Rs 1,296.00, up Rs 206.65 or 18.97 per cent from the previous close. The company currently commands a market capitalisation of Rs 10,315 crore.
Promoter Wealth Jumps Over Rs 38 Crore In A Day
Munjal Sharad Shah, one of the promoters of the company, held a 24.47 per cent stake in Paras Defence as of March 2026, equivalent to 1,97,16,274 shares.
Based on Wednesday's gain of Rs 196.30 per share, the value of his holding increased by approximately Rs 3,87,03,04,586 during the trading session alone. The sharp increase in promoter wealth reflects the strong price movement witnessed in the stock following the recent rally in defence sector counters.
Paras Defence Delivers Strong Stock Returns
Paras Defence has emerged as one of the top-performing defence stocks over the past year. The stock has gained 74.42 per cent in the last one month and surged 106.30 per cent over the past six months. On a one-year basis, the stock has delivered a return of 59.18 per cent.
The sharp rally reflects growing investor interest in India's defence manufacturing sector amid rising defence spending, indigenisation initiatives and increasing order opportunities.
FII Shareholding Rises In Q4FY26
Foreign Institutional Investors (FIIs) increased their stake in the company from 4.92 per cent in Q3FY26 (December 2025) to 5.06 per cent in Q4FY26 (March 2026).
Promoter shareholding remained unchanged at 53.20 per cent during the quarter, while public shareholding marginally declined from 40.61 per cent to 40.52 per cent. The increase in FII ownership indicates continued institutional interest in the company.
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Promoter Wealth Jumps Over Rs 40 Crore In A Day
Munjal Sharad Shah, one of the promoters of the company, held a 24.47 per cent stake in Paras Defence as of March 2026, equivalent to 1,97,16,274 shares.
Based on Wednesday's gain of Rs 196.30 per share, the value of his holding increased by approximately Rs 3,87,03,04,586 during the trading session alone.
The sharp increase in promoter wealth reflects the strong price movement witnessed in the stock following the recent rally in defence sector counters.
About Paras Defence
Paras Defence and Space Technologies Ltd is engaged in the design, development, manufacturing and testing of defence and space engineering products and solutions. The company operates across defence electronics, defence and space optics, heavy engineering and electromagnetic pulse protection systems.
The company caters to a wide range of customers, including defence public sector undertakings, government organisations, research institutions and private sector companies. It also participates in India's growing defence indigenisation programme through the development of advanced technologies for defence and space applications.
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Disclaimer: The article is for informational purposes only and not investment advice.