Multibagger Paras Defence shares rocket 28% in just 3 sessions. What’s behind the stellar rise?

The stock price of Paras Defence has surged over 120% in the past six months, driven by a strong push in India's defense manufacturing ecosystem. The Ministry of Defense reported that indigenous defense production reached Rs 1.78 lakh crore in FY26, marking a significant increase from previous years and contributing to record defense exports. Prime Minister Narendra Modi, through the Aatmanirbhar Bharat initiative, has spearheaded this growth, which is reflected in the government's commitment to self-reliance in defense manufacturing. This positive outlook is also supported by institutional investors who have increased their exposure to Paras Defence.