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News Topical, Digital Desk : Stock Split News: Shares of Paras Defence and Space Technologies Limited jumped 10% on Friday. This rally comes after the company's first-ever 1:2 stock split, which the company announced on April 30, 2025. Under the stock split, one share of the company of ₹ 10 each has been divided into two shares of ₹ 5 each.
The company has set July 4, 2025 as the record date for this stock split. This means that investors who hold the company's shares till the end of July 3 are not eligible for this split. At the same time, investors who buy shares on or after July 4 will not get the benefit of the split.
The purpose of the stock split is to make them more affordable by increasing the number of shares and improve their liquidity in the market. This will make it easier for retail investors to buy shares and increase trading volume.
Read More: Stock Split News: After the announcement of stock split, this defense stock rose sharply by 10%
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