Paras Defence shares zoom 20% on transfer from T group to rolling segment

The board has also approved incorporation of an Associate Company in association with Krasny Defence, who is prominent player in the field of defence equipment maintenance and wholesome refits of ICGS

Shares of Paras Defence and Space Technologies (PDSTL) were locked in the upper circuit of 20 per cent at Rs 759.90 on the BSE in Monday's session, on the back of heavy volumes, after shifting to the rolling segment with effect from today.

The stock of the defence company was trading at its highest level since listing on October 1, 2021. It has zoomed 334 per cent from its issue price of Rs 175 per share. Till 01:08 pm, a combined 4.45 million equity shares, representing 11 per cent of the total equity of PDSTL changed hands on the