Heavy Buying Aerospace & Defence Stock Rallied 20 per cent in Just 1 Day, Hits Upper Circuit, and 52-Week High; Must Watch!

The shares of the company have delivered a return of around 109 per cent to its shareholders in just 1 year only.

Paras Defence and Space Technologies (PDST) is a private sector company primarily engaged in designing, developing, manufacturing, and testing a variety of defence and space engineering products and solutions. The company caters to four major segments: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse Protection Solutions. On Friday the company experienced a significant surge in its share price.

On Friday the share of Paras Defence and Space Technologies opened at Rs 971.25 per share, compared to Thursday's closing figure of Rs 964.40 per share on the BSE. Finally, the shares closed the day at Rs 1157.25 per share on the BSE. The stock has reached the upper circuit price limit of 20 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalization of Paras Defence and Space Technologies stands at Rs 4513 crore, and the stock has generated an impressive multibagger return of around 109 per cent in just 1 year only. 

Also read Turnaround Power Stock Under Rs 20: Heavy Buying Hits Upper Circuit; Stock Rallied by 125 per cent in Just 3 Months!

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Paras Defence and Space Technologies recorded a revenue of Rs 79.69 crore. The operating profit for Q4 FY24 stood at Rs 12.25 crore, resulting an operating profit margin of 15.37 per cent. The net profit for Q4 FY24 was Rs 9.60 crore. Looking at the annual performance, the company generated a revenue of Rs 254 crore in FY24, compared to Rs 222 crore in FY23. The operating profit for FY24 was Rs 51 crore, with a net profit of Rs 30 crore.

Regarding the shareholding pattern, the promoters own 58.94 per cent of the company and the public or retail investors hold 38.18 per cent. FIIs and DIIs own 0.13 per cent and 2.75 per cent respectively.

Investors must keep this Small-Cap stock on their radar.

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