New Delhi, May 19 -- Paras Defence stock in focus today: Paras Defence and Space Technologies share price extended its winning streak to the fifth consecutive day on Monday, May 19, surging another 8% to hit a new all-time high of Rs.1,943.60 apiece, as demand for defence stocks remained strong on Dalal Street, even as the Indian stock market consolidated in a tight range.

The sustained rally has led to a 32% gain for the stock so far in May. This uptrend was triggered by escalating geopolitical tensions between India and Pakistan and was further supported by a sharp rebound in March and April, following an earlier market correction.

The stock closed April and March with gains of 42.5% and 10%, respectively. Notably, after hitting a 52-...