Paras Defence and Space Technologies shares rose 28 percent over three trading sessions amid growing optimism in India's defence manufacturing sector. The gains extend an ongoing rally fueled by increased domestic production and exports.
Rising institutional interest and expectations of continued defence spending have bolstered investor sentiment. The company benefits from broader trends in India's push for self-reliance in defence equipment under the Aatmanirbhar Bharat initiative.
Sector peers including Bharat Electronics and Hindustan Aeronautics have also seen attention as exports grow and government orders remain steady. Analysts note sustained demand as a key driver for the recent price movement.
The stock's performance reflects wider market confidence in the defence ecosystem, with foreign institutional holdings adding to the momentum.