Shares of Paras Defence and Space Technologies surged as much as 13.28% on Monday, to reach an intraday high of ₹722.50 amid heightened geopolitical tensions in West Asia.

At 02:00 PM, the stock was trading at ₹682.90 apiece up 7.07%. Defence stocks usually see increased investor interest as such conflicts tend to boost demand for military equipment and critical components used in their manufacture.

Paras Defence and Space Technologies Ltd.PARAS₹684.80 +7.37%

In another development, the company has announced its entry into the semiconductor space with the incorporation of a new subsidiary, Paras Semiconductors Pvt Ltd. Paras Defence and Space Technologies will hold a 70% stake in this unit.

Paras Semiconductors Pvt Ltd. plans to set up an advanced heterogeneous packaging and 3D packaging OSAT facility (outsourced semiconductor assembly and testing), focused on applications in artificial intelligence, high-performance computing, networking and data centres. OSAT is a critical segment in the chip manufacturing value chain.

Let’s take a look at its Crisp Analysis:

Paras Defence and Space Technologies is a premier Indian private sector company specializing in high-tech defence and space engineering, with a strong emphasis on “Make in India” and indigenization. It is a key player producing optics, electronics, heavy engineering, and EMP (Electromagnetic Pulse) protection solutions, supplying major defence programs and exporting.