Upper Circuit Stocks: This stock galloped as soon as it received orders from the government, upper circuit was applied

On the day of Nifty Bank expiry, the market is witnessing fluctuations. But, meanwhile, there is a company whose stock has hit an upper circuit due to a great rise. This stock is of Paras Defence & Space Technologies, which is locked at an upper circuit of 5%. This upper circuit is being seen after the company received an order. Opt Electronics Factory (OLF) has given an order of ₹42.05 crore to Paras Defence.

OLF is a company under India Optel of the Ministry of Defense of India. Paras Defense has received this order for the supply of Thermal Imaging Fire Control Systems (TIFCS). This order is being given for the army, which is to be completed in 24 months. The company has given information about this order in the exchange filing.

After giving this information by the company, the stock of Paras Defense saw a rise of 5%. After this, this stock has reached ₹ 1,008.35 per share on BSE. With this rise, the total market capitalization of Paras Defense has now crossed ₹ 4,000 crore. With this contract, Paras Defense's hold in the defense electronics segment has become even stronger. Paras Defense & Space Technologies has recently released the second quarter results for the financial year 2025. In the July-September quarter, the company's profit has increased from ₹ 8.76 crore to ₹ 12.70 crore. The company's income has seen a growth of 44.9% on an annual basis. During this period, the company's total income has also increased by 42.2% on a year-on-year basis to ₹ 88.75 crores. In the same quarter of the previous financial year, the company's income was ₹ 62.41 crores. The management has expressed confidence that the company will exceed the target of 20-30% annual growth for the financial year 2025. The company has recently raised ₹ 135 crores through QIP. This amount will be used to meet working capital requirements and to capitalize on new business opportunities. The company's position seems to be strengthening with this fund raised through QIP, which closed on 8 October. Let us tell you that this company supplies optics to the Indian Space Research Organization (ISRO). How has been the performance of this stock? During the last one year, this stock has been seen operating in the range of ₹ 1,592.70 to ₹ 610 per share. So far this year, the stock has seen a growth of only about 33%. Whereas, during the last 6 months, this stock has climbed up to 38%.

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