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Paras Defence and Space Technologies Limited
Share Price Target & Analysis

NSE:PARAS

743.24

VWAP

722.90

Open

722.5

Close

756.70

High

717.10

Low

848.00

52 Week High

746.25 ⇧
23.75 (3.29%)

PARAS

(Miscellaneous)
71.5% Momentum

Sideways to Positive

491.15

52 Week Low

8.4

EPS

58.30

PE

7.84

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: PARAS Share Price Financial Analysis & Valuation

Paras Defence and Space Technologies Limited (PARAS) is broadly categorized in Miscellaneous segment industry which deals in Defence vertical. It is one of Small Cap company with Market Capitalization of Rs 2622.4 (in Cr). Total number of free float shares are 0 (in Lacs). Paras Defence and Space Technologies Limited is listed on NSE with Exchange ID - INE045601015 and trading code is NSE:PARAS with short name Paras Defence.

In the past 1 year, Paras Defence and Space Technologies Limited has declared an equity dividend of Rs 0 per share. At the current share price of PARAS at Rs 746.25, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:PARAS, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine PARAS underlying value and future prospects. All of this data is available in PARAS financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:PARAS, it is clearly understood that PARAS is Economical performer in terms of earnings and profit margins with an EPS of 8.4. NSE:PARAS book value per share as of today is 95.20. The current price to book ratio for PARAS as of May 17, 2024 is 7.84.

Valuation of the Stock: The current valuation of PARAS stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of PARAS whether to BUY this stock at current valuation. The delivery percentage of PARAS is 38.33% is very crucial parameter which shows that 38.33% investors are anticipating that the price of PARAS share should go up with VWAP at 743.24.

Now, the main question is whether to BUY or SELL, NSE:PARAS at current valuation.
As per latest Analysis No. #1354:-

⇑ STRONG BUY PARAS if All Greens

⇗ BUY PARAS (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD PARAS (With Stop Loss) if only 1 Green

⇘ SELL PARAS if NO Green Indicator

NSE: PARAS Share Price Today (May 17, 2024)

(Paras Defence and Space Technologies Limited Daily Analysis on the basis of PARAS Intraday Graph & Trend)

Paras Defence and Space Technologies Limited share price moved Up by 3.29% from its previous close of Rs 722.5. PARAS stock last traded price is 746.25. PARAS share price trend is Up with a total of 580859 stocks traded till now. It has touched an intraday high of Rs 756.70 and an intraday low of Rs 717.10. The PARAS trading at 746.25, Up by Rs. 23.75, or 3.29 percent which suggests that most of the Traders are anticipating that the price of PARAS share should go Up.

NSE: PARAS Share Price Tomorrow Prediction

(Paras Defence and Space Technologies Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of PARAS)

Paras Defence and Space Technologies Limited share price moved Up by 3.29%. PARAS share price short term trend is Up. It suggests that PARAS Share Price for Tomorrow remains the same with VWAP at 743.24 will be treated as stop loss for intraday traders. Paras Defence and Space Technologies Limited Long term investors can follow the PARAS long term trend as mentiond in future forecast table.

NSE Code

NSE: PARAS

PARAS Share Price Today

 746.25

PARAS Share Price Target Prediction for 2024 ^

 643.8 - 852.2

PARAS Share Price Target Prediction for 2025*^

 852.2 - 907.9

PARAS Share Price Target Prediction for 2026*^

 907.9 - 971.5

PARAS Share Price Target Prediction for 2027*^

 1020

PARAS Share Price Target Prediction for 2028*^

 1049

PARAS Share Price Target Prediction for 2030*^

 1144
PARAS Current Book Value 2023
94.7

*Paras Defence and Space Technologies Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^PARAS share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

PARAS Technical Analysis

Candlestick Pattern: @721.2

PARAS Moving Averages

BUY (13) NEUTRAL (0) SELL (1)
MA Simple Action S1 Expo Action E2
MA_5 707.77 BUY 713.64 BUY
MA_12 715.58 BUY 712.56 BUY
MA_20 716.26 BUY 710.61 BUY
MA_32 699.33 BUY 707.7 BUY
MA_50 694.08 BUY 707.98 BUY
MA_100 722.12 SELL 710.52 BUY
MA_200 718.16 BUY 698.43 BUY

PARAS Trend Oscillators

BUY (2) NEUTRAL (1) SELL (1)
Trend Oscillators Value Action
Bollinger Bands 716.26 Uptrend
MACD -1.49 SELL
ADX 13.12 NO or Weak Trend
DMI (+/-) 24.38 / 18.8 Uptrend

PARAS Momentum Oscillators

BUY (3) NEUTRAL (6) SELL (3)
Momentum Oscillators Value Action
RSI 54.62 Neutral
STOCHASTIC_K (Fast) 80.34 Overbought
STOCHASTIC_D (Slow) 65.44 Neutral
CCI 24.49 Neutral
PSAR 739.04 SELL
TRUE RANGE 15.35 SELL
ATR 23.04 SELL
WILLIAMS R -56.99 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 84.65 Overbought
STOCHASTIC RSI D 66.55 Neutral
MOMENTUM 21.5 BUY

PARAS Last 1 Year Trend

Duration Value
1 Year 35.67%
3 Months -7.47%
1 Month 3.07%
1 Week 2.25%

PARAS Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 60%
NEUTRAL / HOLD 23%
SELL 17%

Most popular Questions & Answers about PARAS


Paras Defence and Space Technologies Limited stock last traded price is 746.25. PARAS share price moved Up by 3.29% from its previous close of Rs 722.5.

Paras Defence and Space Technologies Limited share price trend is Up with a total of 580859 stocks traded till now. It has touched an intraday high of Rs 856.48 and an intraday low of Rs 717.10. The PARAS trading at 746.25, Up by Rs. 23.75, or 3.29 percent which suggests that most of the Traders are anticipating that the price of PARAS share should go Up and the Stop Loss will be around 743.24.

The market cap of Paras Defence and Space Technologies Limited is ₹2622.4 (in Cr) as of May 16, 2024.

The current price to earning ratio for Paras Defence and Space Technologies Limited as of May 16, 2024 is 58.30.

The current price to book ratio for Paras Defence and Space Technologies Limited as of May 16, 2024 is 7.84.

The highest price of Paras Defence and Space Technologies Limited stock is ₹848.00 in the last 52-week.

The lowest price of Paras Defence and Space Technologies Limited stock is ₹491.15 in the last 52-week.

Paras Defence and Space Technologies Limited share trading at ₹746.25, Up by Rs. 23.75, or 3.29 percent which suggests that most of the traders are anticipating that the price of PARAS share should go Up.

In 2023, Stock price target for Paras Defence and Space Technologies Limited (PARAS) are ₹643.8 on downside and ₹852.2 on upside. Paras Defence and Space Technologies Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Paras Defence and Space Technologies Limited (PARAS) are ₹852.2 on downside and ₹907.9 on upside. Paras Defence and Space Technologies Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Paras Defence and Space Technologies Limited (PARAS) are ₹907.9 on downside and ₹971.5 on upside. Paras Defence and Space Technologies Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Paras Defence and Space Technologies Limited (PARAS) will be around ₹1049 Paras Defence and Space Technologies Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of PARAS.

As per the fundamental analysis of Paras Defence and Space Technologies Limited (PARAS), it is of Economical quality in terms of earnings and profit margins with an EPS of 8.4. Paras Defence and Space Technologies Limited book value per share as of today is 95.20. The current price to book ratio for PARAS as of May 17, 2024 is 7.84.


NSE:PARAS News & Other Useful Information about PARAS Share Price


Peer Comparison of NSE: PARAS

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Defence

Company Price EPS BV
BDL 2066.45 26.01 175.22
PARAS 746.25 8.4 95.2
ASTRAMICRO 750.95 7.9 68.95
ZENTEC 943.05 15.37 38.03
KRISHNADEF 438.95 0 28.4
Updated at: 17 May 2024 10:30

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