Aerospace and Defence Stock Hits Upper Circuit Today – FIIs Increase Stake from 0.13 Per cent to 2.97 Per cent in Q1FY25!
The company’s shares have delivered an impressive return of around 80 per cent in the past 6 months only.
This Small-Cap defence company is engaged in the design, development, manufacturing, and testing of defence and space engineering products and solutions. The company operates across four major segments: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse Protection Solutions.
Today, the shares of Paras Defence and Space Technologies rallied 5 per cent hit the upper circuit are finally closed around Rs 1122.05 per share on the BSE. The company’s current market capitalization stands at Rs 4376 crore. Additionally, the company’s shares have delivered a return of around 80 per cent in the past 6 months only.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the Quarterly Results, in the Q1 FY25, Paras Defence and Space Technologies recorded a revenue of Rs 84 crore compared to Rs 48 crore. The operating profit stood at Rs 24 crore with an operating profit margin of 29 per cent. The net profit stood at Rs 14 crore compared to a profit of Rs 6 crore. Looking at the annual performance, the company generated a revenue of Rs 254 crore in FY24. The operating profit for FY24 was Rs 51 crore with a net profit of Rs 30 crore compared to a net profit of Rs 36 crore in FY23.
According to the company’s shareholding pattern, promoters hold 58.94 per cent, the public holds 38 per cent, and FIIs have increased their stake from 0.13 per cent to 2.97 per cent. Meanwhile, DIIs' stake stood at 0.07 per cent, down from 2.75 per cent in the June quarter.
Check out my recent article here.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.