Paras Defence Outperforms Sector Amid Positive Trends in Defence Industry

Jan 31 2025 03:35 PM IST
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Paras Defence and Space Technologies has demonstrated strong market performance, gaining 7.18% on January 31, 2025. The company has outperformed its sector and achieved a total return of 12.62% over three days. It is trading above key moving averages, reflecting a solid upward trend in its stock price.
Paras Defence and Space Technologies has shown significant activity today, with a notable gain of 7.18% on January 31, 2025. This small-cap company operates within the defence sector, which has also seen a positive trend, rising by 4.99%.

In terms of performance metrics, Paras Defence has outperformed its sector by 2.11% today and has experienced a consecutive gain over the last three days, accumulating a total return of 12.62% during this period. The stock reached an intraday high of Rs 1140, reflecting a rise of 7.27% at its peak.

Additionally, Paras Defence is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price movement. Over the past month, the stock has delivered a return of 13.23%, contrasting sharply with the Sensex, which has declined by 0.82%. Overall, the performance of Paras Defence and Space Technologies highlights its robust position in the market amidst a generally positive environment for the defence industry.
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