Shares of Paras Defence and Space Technologies Limited surged sharply in early trading on Wednesday, March 4, 2026, rising more than 11% as strong buying momentum pushed the stock higher shortly after the market opened.
As of 9:17 AM IST, Paras Defence shares were trading significantly higher compared to the previous close of ₹670.85.
The stock opened the session at ₹701.00 and quickly extended gains during the morning trade. It touched an intraday high of ₹748.60, while the day’s low stood at ₹693.45, reflecting strong upward momentum in the early hours of trading.
Despite the sharp rally, the stock remains below its 52-week high of ₹972.50, while still trading comfortably above its 52-week low of ₹404.70.
Key Reasons Behind the Rally
The primary catalyst was escalating tensions in West Asia/Middle East, following reports of US and allied actions against Iran. This sparked renewed investor interest in defence-related stocks, as such developments often signal potential increases in global defence spending and orders for indigenous manufacturers.
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