New Delhi, May 20 -- Paras Defence share price fell as much as 5 per cent in Tuesday's trading session after promoters were seen trimming stakes in the defence manufacturer via bulk deals on Monday.

At 9:50 am, Paras Defence stock touched an intraday low to Rs.1,620.50 on National Stock Exchange (NSE) on May 20.

On Monday, three promoters of Paras Defence & Space Technologies Ltd. - Sharad Virji Shah, Anish Hemant Mehta, and Kaajal Harsh Bhansali - offloaded a portion of their holdings through block deals.

As per available data, Sharad Virji Shah sold 9 lakh shares at Rs.1,682.87 each, while Anish Mehta and Kaajal Bhansali each sold 2.17 lakh shares at Rs.1,664.62 per share.

The promoters of the company collectively sold 13.34 lakh sh...