With the recent correction of Indian equity markets witnessed over the past weeks, people are afraid of a downside rally. Amidst the weakness, Paras Defence and Space Technologies took the attention with its blockbuster listing. Paras almost tripled investor’s money, topping the list of stocks that rallied over 100% on listing day in the current decade!
The stock debuted on October 1st at Rs. 469, moved up to Rs. 475, a premium of 171% over the issue price of Rs. 175, crossing the Rs. 500 mark. India is becoming the next hotspot for investments and owing to the growing market and emerging companies make it the next big destination for investors to achieve exceptional returns.
Paras Defence has a niche in product profile and technology.
Paras Defence offers a wide range of defense and space engineering solutions. It has good revenue visibility with a current book order of Rs. 302 crores, boosting the company’s reputation.
Paras Defence has a diversified client base with big names, such as Bharat Dynamics, Bharat Electronics, Hindustan Aeronautics, Tata Consultancy Services, Solar Industries India, Astra-Rafael Comsys, Advanced Mechanical, Alpha Design Technologies, and Optical Systems (AMOS), Tae Young Optics Company Limited (South Korea), Belgium, Chaban (Israel), and Green Optics (South Korea).
India received rs. 26,517 crore investment, for the 2nd consecutive month. (Source: livemint)
The Indian equities market is receiving huge investments from around the globe. The market has taken the long-awaited pullback, will the bull run begin or bears will take over is a different question, but the movement in stocks is rewarding and equally daunting. And with major IPOs around the corner, such as Studds Accessories, LIC, Paytm, OYO, etc. the excitement and expectations are rising exponentially.
Will you subscribe now or wait for the next big crash?