Paras Defence Experiences Surge in Trading Activity Amid Increased Investor Participation
Paras Defence and Space Technologies Ltd has become one of the most actively traded stocks, with a volume of nearly 1.92 million shares and a total value of approximately Rs 17.51 crore. The stock has shown a consistent upward trend over the past four days, reflecting increased investor participation and significant liquidity.
Paras Defence and Space Technologies Ltd, a prominent player in the Aerospace & Defense sector, has emerged as one of the most active equities today. The stock, trading under the symbol PARAS, recorded a total traded volume of 1,922,991 shares, with a total traded value of approximately Rs 17.51 crore. Opening at Rs 858.0, the stock reached a day high of Rs 928.4, reflecting a notable intraday gain of 9.99%. Currently, the last traded price stands at Rs 926.5, which is 4.39% away from its 52-week high of Rs 972.5. Over the past four days, the stock has shown a consistent upward trend, gaining 16.63% during this period and outperforming its sector by 8.89% today.
Despite this positive performance, Paras Defence is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a rise in investor participation, with a delivery volume of 420,000 shares on July 3, marking a 38.24% increase compared to the 5-day average. With a market capitalization of Rs 7,523.63 crore, Paras Defence continues to demonstrate significant liquidity, suitable for trades around Rs 2.73 crore. Overall, the stock's performance today highlights its active engagement in the market.
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