“We have seen good volumes in the week gone by in Paras Defence which will add to the positive momentum. Traders can buy for a target of Rs 800 in the next 2-3 weeks, and a stop loss can be placed below Rs 745,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.
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Stock Radar: Paras Defence likely to hit fresh 52-week highs; strong base formation above Rs 600

The 30-share BSE Sensex pack surged 463 points or 0.71 per cent to trade at 65,897, while the broader NSE Nifty moved 137 points or 0.70 per cent up to trade at 19,581. Mid- and small-cap shares were positive as Nifty Midcap 100 climbed 0.80 per cent and small-cap gained 0.56 per cent.

Sensex jumps over 450 points, Nifty above 19,550; Paras Defence, MTAR Tech jump up to 12%; Jio Financial dive 5%

Shares of aerospace and defence-related companies rose on Thursday, following India’s successful Chandrayaan landing. Centum Electronics, MTAR Technologies, Paras Defence and Space Technologies, Avantel, Tata Elxsi, Bharat Electronics, L&T and Hindustan Aeronautics all saw gains, with some hitting 5…

Chandrayaan-3 effect: Stocks related to defence, aerospace sectors soar

Paras Defence And Space Technologies led with gains of more than 12%.

Nifty And Sensex Gain, Space Stocks Rally As Chandrayaan-3 Lifts Sentiment

When asked about the company’s ability to achieve its predicted profit margin of 30-40 percent for the current year, Mahajan said that he wouldn’t revise the prediction as the company has a strong order book

Confident of achieving 30-40% profit growth in FY24: Paras Defence & Space Director Amit Mahajan

Q1 Review: Paras Defence Q1FY24 Financials Review

Paras Defence Consolidated June 2023 Net Sales at Rs 48.32 crore, up 18.55% Y-o-Y

The Rs Rs 42.4 crore contract includes procurement of 400 agri-drones for IFFCO Nano Fertilisers and a two-year annual maintenance contract

Paras Defence gains 2% after on bagging 400-drone contract

Shares of Paras Defence have risen around 21% in the past three months.

Paras Defence zooms 7% on Rs 53 crore order from Defence Ministry

Stocks to watch out for today: GAIL India, Affle India, Adani Enterprises, IndusInd Bank, Infosys, Aditya Birla Capital, Tata Motors, Maruti Suzuki, Affle India, Paras Defence and more

Adani Enterprises, IndusInd Bank, Infosys, Tata Motors among stocks to watch out for today

The company to set up 30:70 JV with Israel-based Controp to manufacture electro optic/infra-red systems for various applications,

Paras Defence Shares Surge Over 8% On Joint Venture With Israel’s Controp

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The Company is involved in developing systems for defense and space applications. It operates under five segments,  Defense & Space Optics, Defense Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions and Niche Technologies.