Paras Defence Share Price Drops Over 6% After Promoter Stake Sale

On May 20, 2025, shares of Paras Defence and Space Technologies dropped more than 5% in early trading after three promoters sold a portion of their holdings through bulk deals. The stock reached an intraday low of ₹1,620.50 on the NSE by 9:50 am.

Promoters Offload Over 13 Lakh Shares

On Monday, promoters Sharad Virji Shah, Anish Hemant Mehta, and Kaajal Harsh Bhansali sold a combined total of 1.334 million shares. This sale represented 5.8% of their total holdings and about 3.3% of the company’s overall outstanding shares. 

Sharad Virji Shah sold 900,000 shares at ₹1,682.87 each, while Anish Mehta and Kaajal Bhansali each sold 217,000 shares at ₹1,664.62 per share. According to data from March 2025, the promoters collectively owned 57.05% of Paras Defence, with Sharad Shah holding 18.05% and both Anish Mehta and Kaajal Bhansali owning 3.53% each.

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Stock Movement and Background

Paras Defence launched its IPO in September 2021 at ₹175 per share.

As of May 20, 2025, Paras Defence and Space Technologies share price stood at ₹1,599.80, down by ₹108.00 or 6.32% today. The stock opened at ₹1,707.80, reached a high of ₹1,714.00, and a low of ₹1,587.00 during the trading session. 

The company has a market capitalisation of ₹6,440 crore and a price-to-earnings (P/E) ratio of 99.86. It does not currently offer a dividend yield. Over the past 52 weeks, the stock’s highest price was ₹1,945.00, while the lowest was ₹750.00.

Rising Interest in Defence Stocks

The Indian defence industry has attracted significant focus lately, particularly following Operation Sindoor, which showcased India’s increasing independence in defence production.

About Paras Defence and Space Technologies

Paras Defence is a private-sector company involved in the design, development, manufacturing, and testing of advanced defence and space products. The company operates in four main segments:

• Defence & Space Optics
• Defence Electronics
• Heavy Engineering
• Electromagnetic Pulse (EMP) Protection Solutions

Paras Defence plays a key role in supporting India’s goal of becoming self-sufficient in defence and space technology.

Conclusion

While the recent stake sale by promoters triggered a share price dip, Paras Defence’s robust fundamentals and growing role in India’s defence self-reliance position it well for long-term growth.

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