FIIs bought 11,08,817 shares: Multibagger aerospace & defence stock to keep under the radar as company reports a 139.5 per cent jump in net profit!
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 605 per share.
On Tuesday, shares of Paras Defence and Space Technologies Ltd, ended the day in red, down 4.46 per cent to Rs 1,229.10 per share with an intraday high of Rs 1,315.75 and an intraday low of Rs 1,225. The stock’s 52-week high is Rs 1,592.75 and its 52-week low is Rs 605.
Paras Defence and Space Technologies Ltd (PDST) is a leading private Indian company in the defence and space sector. They design, develop, manufacture, and test a wide range of products and solutions for these critical fields. PDST caters to four main areas: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse (EMP) Protection Solutions.
This specialization allows them to serve a diverse clientele. They supply their products to both government and private entities. Some of their government clients include prestigious organizations like the Indian Defence Force (IDF), Defence Research and Development Organisation (DRDO), Bharat Electronics Limited (BEL), Indian Space Research Organisation (ISRO), Hindustan Aeronautics Limited (HAL), and various shipyards. In the private sector, they partner with companies like Godrej, Tata Power, Larsen & Toubro, Kirloskar, TCS, and Solar Industries. Their reach extends beyond India as well, with international clients including Israel Aerospace Industries, Rafale Advanced Defence Systems, and Elbit Systems.
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The company has a market cap of Rs 4,793 crore with 1-year stock price CAGR of 96 per cent. According to Quarterly Results quarterly results (Q1FY25) and annual results (FY24), the company reported positive numbers. The net sales increased by 73 per cent to Rs 83.57 crore and net profit increased by 139.5 per cent to Rs 14.13 crore in Q1FY25 compared to Q1FY24. In Q1FY25, FIIs bought 11,08,817 shares and increased their stake to 2.97 per cent compared to 0.13 per cent in March 2024.
The company has an order book of Rs 600 crore. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 605 per share. Investors should keep an eye on this small-cap aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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