Paras Defence Shows Strong Market Activity Amid Positive Price Trends

Paras Defence and Space Technologies Ltd, a prominent player in the defence sector, has emerged as one of the most active equities today, with a total traded volume of 2,099,909 shares and a total traded value of approximately Rs 31.34 crore. The stock opened at Rs 1,430.0 and reached a day high of Rs 1,548.8, reflecting an intraday increase of 8.98%. Currently, the last traded price stands at Rs 1,530.0, which is 3.19% away from its 52-week high of Rs 1,592.7.
The company has shown strong performance, outperforming its sector by 6.78% and achieving a consecutive gain over the last two days, with returns of 11.84% during this period. Notably, Paras Defence is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement.

Despite a decline in delivery volume, which fell by 17.4% against the 5-day average, the stock remains liquid enough for trades sized at Rs 1.68 crore, supported by a market capitalization of Rs 6,205.22 crore. Overall, Paras Defence and Space Technologies Ltd continues to demonstrate robust activity and performance in the defence industry.