The company now holds a market capitalisation of Rs 7,442.64 crore, drawing increased investor interest following the split.
The surge in activity comes after the stock split became effective today, July 4 — which was also set as the record date for the sub-division. As per a regulatory filing under SEBI’s Listing Obligations and Disclosure Requirements (Regulation 42), Paras Defence had earlier received 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 enhancing liquidity and broadening retail investor participation — a move often seen as a sign of management’s confidence in the company’s future performance. Despite the price adjustment, the stock’s overall value remains unchanged, and investor interest has remained strong.
On the technical front, the stock shows strength:
The 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 is trading above all its key moving averages — from the short-term 5-day DMA to the long-term 200-day DMA — a positive signal suggesting the stock is in a strong uptrend across timeframes.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
