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PARASNSEParas Defence and Space Technologies Limited· Aerospace & DefenseHighNeutral
Announced Thu, 19 Feb, 2026 · 16:39 IST

Paras Defence acquires 49 percent stake in Himanshi Thermal Solutions

Listed Co AcquisitionStrategic Transactions View source PDFExplain this filing

PARAS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+2.0%Reaction day
₹630.40
prior close
₹632.60
announcement price
After-mkt
timing
Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%+2.1% vs market
Aerospace & Defense peers, median of 23sector-0.1%+2.0% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.0 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
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15m
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30m
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Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+2.0-0.2+2.1-0.1+2.0
Next day
+0.7-0.0+0.7-0.5+1.2
2d
+0.3-1.3+1.5-0.7+0.9
3d
+0.2-1.1+1.3-1.8+2.0
4d
+1.3-0.8+2.1+0.4+0.9
5d
+0.7-1.9+2.6-1.6+2.3
1w
+15.0-6.6+21.6-4.4+19.4
15d
+0.6-9.7+10.3-5.3+5.9
1m
-0.6-8.2+7.6-6.4+5.8
2m
+24.0+3.1+20.9+7.8+16.2
3m
+20.7+5.9+14.8+13.6+7.1
UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 23Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Paras Defence has completed acquisition of 49 percent equity stake in Himanshi Thermal Solutions from related party DefSpace Technologies for Rs 49,000 in cash. Himanshi Thermal becomes an Associate Company of Paras. The target makes fabricated metal products and liquid cold plates for space and airborne applications. It reported nil turnover in FY24-25 and FY23-24 with losses across all three years. Deal done at group level for strategic expansion in aerospace and defence.

Likely market impact

Strategic move to bolster aerospace and defence portfolio. Target is early-stage with no revenue and deal size is small at Rs 49,000.