New Delhi, June 18 -- Multibagger defence stock Paras Defence and Space Technologies share price surged nearly 5% to hit a fresh record high of Rs.1,348 on Thursday, June 18, extending its winning streak for a second consecutive session after rallying 18% in the previous trading session.

The latest upmove came after the government announced that India's defence production reached an all-time high of Rs.1.78 lakh crore in FY26, highlighting the rapid expansion of the country's defence manufacturing ecosystem and the growing contribution of domestic companies in meeting military requirements.

With the recent rally, Paras Defence shares are now up 132% from their 52-week low of Rs.580, touched in March 2026.

The defence stock has delivere...