Shares of this company have given about 20 per cent returns in the last six months.

The Indian stock markets started the trading day with a good outlook. The Sensex opened 0.01 percent higher while the Nifty opened 0.1 per cent higher.

Shares of the company have gained more than 20 per cent in the last six months.

 The stock gave multibagger returns of 165 per cent in just 1 year and a whopping 450 per cent in 3 years.

The answer lies in the unveiling of its cutting-edge 16 Mtr. VMC (Vertical Machining Center) Machine, a game-changer that has captured the attention of investors and industry enthusiasts alike.

Shares of the company have gained more than 40 per cent in the last six months.

The company announced two major joint ventures (JVs) that signal a promising chapter in its growth trajectory.

Paras Defence and Space Technologies Limited announced the incorporation of a new subsidiary, Mechtech Thermal Private Limited. The proposed subsidiary will focus on the design, development, and validation of thermal products tailored for the Aviation, Defence, and Space industries, along with allied sectors.

Shares of the company gained more than 50 per cent in the last six months.

In terms of financials, Q2FY24 results showcase a remarkable year-on-year growth of 77.78 per cent in revenue from operations, reaching Rs 309.12 crores from the previous year's quarter at Rs 173.88 crore. The PAT for the same period exhibits an extraordinary year-on-year growth of 159.28 per cent, soaring to Rs 20.41 crores from Rs 7.87 crores.