Shares of Paras Defence and Space Technologies Ltd fell over 8 per cent on Monday, June 7, 2025, as investors turned sellers after a strong rally post a 1:2 stock split last week. The counter had gained over 8 per cent on Friday post-adjustment. The decline comes as the Nifty India Defence index dropped 1.5 per cent, signalling a potential pause in the rally of this sector that had put the sector among the market’s top performers in the last few months.
The defence index has given a solid return of 34.82 per cent in the last six months. This is far more than the Nifty’s 5.49 per cent gain. When compared with other sectors, this is a substantial growth as IT and pharma declined 12.18 per cent and 6.43 per cent, respectively, over the same period.
Among other notable stocks that fell today are Garden Reach Shipbuilders & Engineers, Bharat Electronics (BEL) and Bharat Dynamics, Zen Technologies and Astra Microwave Products. They all declined in the range of 2-3 per cent.
Defence Stocks In Green
However, some stocks have managed to remain in the green territory despite this downward trend. DCX Systems, Unimech Aerospace and Manufacturing, BEML, Cyient DLM, and Hindustan Aeronautics (HAL) were some of the gainers in the Nifty India Defence index.
Stock Market Today
Meanwhile, benchmark indices Sensex and Nifty declined in early trade amid caution ahead of the July 9 US tariff deadline, weak trends in Asian markets and foreign fund outflows. Volatile trends engulfed markets during the early trade amid concerns surrounding the US-India trade deal, experts said.
The 30-share BSE Sensex declined 170.66 points to 83,262.23 in early trade. The 50-share NSE Nifty dipped 53.75 points to 25,407.25.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 760.11 crore on Friday, according to exchange data.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
