Paras Defence Share Price Target Projections
| Year | Target 1 | Target 2 |
| 2023 | ₹550 | ₹600 |
| 2024 | ₹680 | ₹750 |
| 2025 | ₹820 | ₹940 |
| 2026 | ₹1,030 | ₹1,150 |
| 2030 | ₹1,600 | ₹1,700 |
FAQs about Paras Defence Share Price Target
Q: What is Paras Defence and what does it do?
A: Paras Defence is a prominent player in the defense sector, specializing in a range of defense-related products and services. The company focuses on areas like defense security systems, electromagnetic pulse (EMP) protection, and heavy engineering. Additionally, it is a leading manufacturer of infrared optics, with no direct competitors in this segment. With over four decades of experience, Paras Defence operates across four key divisions: Defence and Space Optics, EMP Protection Solutions, Defence Electronics, and Heavy Engineering.
Q: What is the Paras Defence Share Price Target for 2023, 2024, 2025, 2026, and 2030?
A: The projected share price targets for Paras Defence over the coming years are as follows:
- 2023: Between ₹550 and ₹600
- 2024: Between ₹680 and ₹750
- 2025: Between ₹820 and ₹940
- 2026: Between ₹1,030 and ₹1,150
- 2030: Between ₹1,600 and ₹1,700
Q: What are the risks of investing in Paras Defence shares?
A: While Paras Defence has a solid business model, it is classified as a small-cap stock and has been prone to volatility in the past. A significant portion of its revenue comes from government contracts, meaning any policy changes or decisions by the government could impact its operations. Despite these risks, the company is performing well and benefits from government backing, particularly with India’s increasing focus on domestic defense manufacturing.
Q: Is investing in Paras Defence shares a good idea?
A: Investing in Paras Defence, like any stock, involves risks, and it’s essential to assess your own risk appetite before proceeding. That said, Paras Defence has a promising future, especially as India’s government promotes homegrown defense companies. If the company continues on its current growth trajectory and makes smart business decisions, it has the potential to become a multibagger stock over time.
Disclaimer: This information is provided for educational purposes and should not be taken as financial advice. Always do your own research and consult a professional financial advisor before making any investment decisions.