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Stock Radar: 20% rally in a week! Should investors book profits or buy this defence stock?
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Paras Defence and Space Technologies, part of the defence and aerospace industry, has rallied by about 20% in a week which pushed the stock to a fresh 52-week high and the chart pattern suggests that the rally may not be over.The stock after hitting a 52-week high of Rs 841 on August 24, 2023, failed to hold on to the momentum. It witnessed some selling pressure on Friday but held above crucial support levels.
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