Paras Defence Stock Hits Upper Circuit Limit Amid Increased Investor Participation
Paras Defence and Space Technologies Ltd has experienced significant trading activity, reaching its upper circuit limit and an intraday high of Rs 933.6. The stock has gained 16.63% over four days, with increased investor participation and a notable traded volume of approximately 39.79 lakh shares.
Paras Defence and Space Technologies Ltd, a mid-cap player in the Aerospace & Defense sector, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 933.6, reflecting a significant increase of 9.99% from the previous close. This surge is part of a broader trend, as the stock has gained 16.63% over the past four days, outperforming its sector by 8.89%.The last traded price (LTP) stands at Rs 931.7, with a notable change of Rs 82.9, or 9.77%. The stock's performance today has been bolstered by a total traded volume of approximately 39.79 lakh shares, resulting in a turnover of around Rs 366.63 crore.
Despite trading below its moving averages across various time frames, the stock remains close to its 52-week high, just 4.39% away from Rs 972.5. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 38.24% compared to the five-day average.
Overall, Paras Defence and Space Technologies Ltd has demonstrated strong performance metrics today, reflecting positive momentum in its trading activity.
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