April-Paras Defense to consider the division of stocks at the End Board of Directors’ meeting
The meeting includes a proposal to consider the results of the audited standalone and integrated financial results for the quarterly and fiscal year, which ended on March 31, 2025, and recommended dividends of the year.
The company said that the division of stocks will be occupied in accordance with Article 61 of the Company Act in 2013. Paras Defense did not disclose the proposed proportion of stock split in submission.
Paras Defense’s shares rose 40% last year and increased 9% over the last six months. Last week alone, stocks increased 2.6%.
In a technical front, stocks have more than seven of the eight simple moving averages, but they are lower than the 200 -day simple moving average. The 14 -day relative intensity index (RSI) is 63.8, indicating that stocks are not excess or excessive.
Earlier this year, Paras Defense announced that it has been balanced for a lifetime from the Industrial and Internal Trade Promotion Department (DPIIT) to produce MK-46 and MK-48 belt supply light machine guns. This license allows 6,000 units of production capacity for each model and is given according to the 1959 inorganic technique.Also read | Paras Defense Shares Rally Rally on License License 10%
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