Defence stocks to consider fund raising next week after 70% YTD gains

Business Business: Paras Defence and Space Technologies Ltd. shares gained 6.44% in the last 1 week and jumped 79% in the last 1 year. The last traded price of Paras Defence and Space Technologies shares on BSE is Rs 1285.10 per share. The company informed about its plan to consider raising funds on August 27, 2024 through its exchange filing dated August 22, 2024. The market capitalization of the company was Rs 5011.90 crore. See details below: Paras Defence and Space Technologies to consider fund raising: According to the company’s BSE filing dated August 22, 2024, “The Board of Directors of the Company is scheduled to meet on 27/08/2024 to, inter alia, consider and approve the following 1. Evaluate a proposal to raise funds, in one or more tranches, as may be required, by way of issue of any instruments or securities, by way of private placement, preferential issue, rights issue, qualified institutions placement or such other modes or combinations thereof, as may be decided by the Board. 2. Introduce and implement the ‘Paras Defence and Space Technologies Limited – Employee Stock Option Scheme 2024’.”