
🔻 Paras Defence Share Price Drops Over 6%
— Stock hit an intraday low of ₹1,620.50 on NSE during Tuesday’s trade (May 20).
📉 Promoter Stake Sale Triggers Decline
— Three promoters offloaded a total of 13.34 lakh shares via bulk deals on Monday.
👤 Promoter-wise Sale Breakdown:
- Sharad Virji Shah: Sold 9 lakh shares at ₹1,682.87 each
- Anish Hemant Mehta: Sold 2.17 lakh shares at ₹1,664.62 each
- Kaajal Harsh Bhansali: Sold 2.17 lakh shares at ₹1,664.62 each
📊 Impact on Holdings:
— Sale represents 5.8% of promoter holdings
— Accounts for 3.3% of total company equity
📌 Investor Watch:
— Bulk deal-driven dips often signal potential strategic reshuffles or profit booking by promoters.