Stock of this recently listed defence company has zoomed 101% in 12 days

In the past three trading days, the stock of Paras Defence has surged 58 per cent after the scrip was shifted under B Group from T2T segment with effect from October 18, 2021.

Shares of Paras Defence and Space Technologies (PDSTL) were locked in the 10 per cent upper circuit, at Rs 1,003, on the BSE on Wednesday, in an otherwise weak market, on the back of huge volumes.

In the past three trading days, the stock of the defence company has surged 58 per cent after the scrip was shifted under B Group from T2T segment with effect from Monday, October 18, 2021. In the T2T segment, each trade has to result in delivery and no intra-day netting of positions is allowed.

Meanwhile in the past 12 trading days, the