Paras Defence Multibagger: From ₹175 IPO to ₹1,943

By 5paisa 20 May 2025

Paras Defence turned multibagger, soaring from its IPO price of ₹175 in 2021 to an all-time high of ₹1,943.60 in May 2025.

Since March 3, the stock more than doubled, rising 106% from ₹834.95 to a closing of ₹1,707.70, leading the defence sector rally.

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This surge attracted promoter profit booking, with 13.34 lakh shares sold, indicating confidence in long-term growth despite short-term trimming.

The rise came amid India’s push for defence self-reliance, showcased in Operation Sindoor and PM Modi’s call for innovation in military tech.

Paras Defence’s meteoric rise highlights the potential of penny stocks evolving into multibaggers amid strong sectoral and policy tailwinds.

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