Paras Defence and Space Technologies Ltd shares have reached the 5% upper circuit limit today after securing an order worth approximately ₹42.05 crore from the Opto Electronics Factory (OLF), a unit of India Optel Ltd under the Ministry of Defence.
Key Highlights:
- Current Market Price: ₹1,008.35 per share
- Market Capitalization: ₹4,063.01 crore
- 52-Week High: ₹1,592.75 (as of July 5, 2024)
- 52-Week Low: ₹608.75 (as of March 28, 2024)
- Performance Over 6 Months: Gained over 38%
- Performance Over 3 Months: Decreased by 22%
- Performance Over 1 Month: Dropped by over 8%
- Performance Over 1 Year: Increased by 47%
- Performance Over 3 Years: Grown over 7%
Recent Financial Results:
- Q2 FY25 Net Profit: ₹12.70 crore, reflecting a 45% year-on-year increase (up from ₹8.76 crore in Q2 FY24)
- Revenue from Operations: ₹87.09 crore, marking a 42% year-on-year rise
- Operating Income: ₹22.75 crore, up 46% compared to the previous year
Shareholding Insights:
- FII/FPI Holdings: Increased from 0.13% to 2.97% in the June 2024 quarter
- Institutional Investors Holdings: Rose from 2.88% to 3.04%
- Mutual Funds Holdings: Decreased from 2.75% to 0.06%
Company Overview:
Paras Defence & Space Technologies specializes in a range of products and solutions for defense and space applications. The company operates in two primary sectors:
- Optics & Optronic Systems
- Defence Engineering, which includes Defence Electronics, EMP Protection Solutions, and Heavy Engineering.
The recent order involves the supply of five types of Electronic Control Sub-Systems for Thermal Imaging Fire Control Systems (TIFCS), intended for the Indian Armed Forces.
Conclusion:
The recent order win, combined with strong financial results and increased institutional interest, underscores Paras Defence’s growth potential in the aerospace and defense industries. Investors are likely to monitor the company’s performance closely in the upcoming quarters.
Disclaimer: This information is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult with a financial advisor before making investment decisions.
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