Paras Defence shares zoom 10% ahead of Q4 results, likely announcement on dividend, stock split

Paras Defence shares extended gains to third straight session to rise nearly 10 percent on Wednesday ahead of the March quarter results. A meeting of the board of directors of the company is scheduled to be held today, which will also consider stock split and dividend.

Shares of Paras Defence and Space Technologies rose 9.8 percent to touch an intraday high of Rs 1,468.95 per share on the NSE. The stock opened gap-up with a gain of 3.15 percent in today's trading session. Later in the day, it pared some of the gains to trade at Rs 1,379.7 apiece, up 3.13 percent. The stock has been rising for the last three trading session and is up over 30 percent in the period.

The company in an exchange filing, said "Board will consider and recommend payment of dividend on equity shares of the Company for the financial year ended March 31, 2025."

The consistent buying is also seen amid heightened geopolitical tensions following the April 22 terror attack in Pahalgam, which claimed the lives of 26 people.