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.

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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.

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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.

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

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