Swadeshi Polytex Shares Soar as Promoter Increases Stake
Shares of Swadeshi Polytex Limited hit a 2% upper circuit on BSE after its promoter, Paharpur Cooling Towers Limited, increased its stake from 19.05% to 20.34%.
Swadeshi PolytexPaharpur Cooling TowersReal EstateStock MarketBseReal Estate NewsJun 05, 2025
With a market capitalization of Rs. 255.6 crores, the shares of Swadeshi Polytex Limited reached Rs. 65.54 on the BSE, compared to its previous closing price of Rs. 64.26. While the stock has experienced negative returns of more than 64% over the past year, it has gained around 9% in the last month.
What’s the News
According to the latest regulatory filings with the BSE, Swadeshi Polytex Limited announced that Paharpur Cooling Towers Limited, which previously held a 19.05% equity stake in the company (equivalent to 74,31,204 shares), has acquired an additional 5 lakh equity shares. This acquisition has increased the promoter’s stake by 1.29%, bringing it to 20.34% or 79,31,204 shares. On June 2nd, Paharpur Cooling Towers Limited had already acquired 2,49,157 equity shares, raising its stake by 0.63%, from 18.42% to 19.05%.
Swadeshi Polytex Limited is engaged in the business of transacting in, owning, purchasing, selling, leasing, subleasing, letting, sub-letting, renting, and developing various types of real estate. The company also deals in real estate, land, immovable properties, and other related assets.
Background Information
Swadeshi Polytex Limited is a prominent player in the real estate sector, with a diverse portfolio of projects and assets. The company's recent stake increase by its promoter, Paharpur Cooling Towers Limited, is seen as a positive signal by investors, indicating confidence in the company's future growth and potential.
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Frequently Asked Questions
What is the current market cap of Swadeshi Polytex Limited?
The current market capitalization of Swadeshi Polytex Limited is Rs. 255.6 crores.
How much did the promoter's stake increase by?
The promoter's stake increased by 1.29%, from 19.05% to 20.34%.
What is the business focus of Swadeshi Polytex Limited?
Swadeshi Polytex Limited is involved in the business of real estate development, including transactions, ownership, and management of various types of real estate and immovable properties.
When did Paharpur Cooling Towers Limited last increase its stake?
Paharpur Cooling Towers Limited last increased its stake on June 2nd, raising it by 0.63% from 18.42% to 19.05%.
What should investors consider before investing in Swadeshi Polytex Limited?
Investors should consider the company's recent performance, the increase in promoter stake, and consult with an investment advisor to make informed decisions.
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