Paras Defence Hits Upper Circuit (Rises by 10%) After Stock Split, Boosted by France Export Deal

04th July 2025: There was a massive rally in the shares of Paras Defence and Space Technologies (NSE: PARAS) after the share split. The Face Value of the shares was revised from ₹10 to ₹5 per share, following a 1:1 stock split, a move aimed at increasing affordability and liquidity. In addition, the France deal announcement enhanced investors’ confidence in the company’s global competitiveness.

At 01:00 PM, the stock traded at ₹933.60 (10% above the previous close, hitting the upper circuit).

Stock Split Triggers Rally

The stock has rallied 24% over the last four sessions leading up to the split. The board had approved the subdivision of equity shares on April 30, 2025, and fixed July 4 as the record date. The split is intended to make shares more accessible to retail investors and enhance trading volume.

France Deal Adds Momentum

Fueling further investor optimism, Paras Defence recently announced that its subsidiary, Paras Anti-Drone Technologies Pvt Ltd, secured an order from France-based CERBAIR. The European counter-UAV firm plans to acquire up to 30 CHIMERA 200 systems—advanced man-portable devices designed to detect and neutralise drone threats. The deal is valued at approximately ₹22 crore (€2.2 million).

52-Week Performance

The stock touched an adjusted 52-week high of ₹971.80 and has surged 133% from its 52-week low of ₹401 recorded on April 7, 2025.

Defence Sector Outlook Remains Strong

India’s defence sector is on a growth trajectory with ambitions to reach ₹3 trillion in indigenous production by FY29 and ₹50,000 crore in annual exports. Initiatives such as the Technology Development Fund and support from DRDO are further propelling innovation. The Ministry of Defence’s FY26 budget stands at ₹6.81 trillion and is expected to grow 10% in FY27 amid rising geopolitical tensions.

Company Overview

Paras Defence is a leading Indian defence engineering company known for delivering indigenously developed technologies. Its clientele includes marquee names like DRDO, ISRO, BEL, L&T, and the Ministry of Defence. The company also exports to nations including the US, Israel, South Korea, and various European countries.

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