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Paras Defence Q1 Review - Strong Results, Expensive Valuations Fully Factor Growth Potential: Nirmal Bang

The brokerage maintains “Sell" on the company with a target price of Rs 1,135, valuing it at 72 times June’26E earnings per share.

<div class="paragraphs"><p>The Akash rocket missile project on which Paras Defence worked. (Source: Company website)</p></div>
The Akash rocket missile project on which Paras Defence worked. (Source: Company website)
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