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

Paras Defence shares surged 28% in three sessions and 120% over six months, with Friday's turnover of nearly Rs 940 crore on volume of 68.39 lakh shares. The rally is supported by strong sector tailwinds - indigenous defence production climbed to Rs 1.78 lakh crore in FY26, up 15.6% year-on-year, while defence exports touched Rs 38,424 crore. Foreign institutional investors raised their stake in Paras Defence from 3.46% to 5.06%, signaling sustained institutional confidence despite a broader FII selloff across Indian markets.