Paras Defence and Space Technologies' Stock Price Rises 7.69% After Strong Performance in Market

Paras Defence and Space Technologies, a smallcap company in the defence industry, has seen a 7.69% increase in its stock price on May 24, 2024. This rise in stock price comes after the company's stock was given a 'Strong Sell' rating by MarketsMOJO.

The stock has been performing well, hitting a new 52-week high of Rs.850.95 on the same day. It has also outperformed the sector by 4.65% and has been gaining for the last 2 days, with an 8% return in that period. The stock has been highly volatile, with an intraday volatility of 5.83%.

Paras Defence is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the defence sector, which has gained 3.04%, Paras Defence stands out with its strong performance.

Compared to the Sensex, Paras Defence has shown a 1-day performance of 7.13% while the Sensex has only seen a 0.03% increase. In the past month, Paras Defence has also outperformed the Sensex with a 10.22% increase compared to the Sensex's 2.15% increase.

Overall, Paras Defence and Space Technologies has shown strong performance in the stock market, with a significant increase in its stock price and outperforming the sector and Sensex. Investors should keep an eye on this smallcap company in the defence industry as it continues to show promising growth.