Swadeshi Polytex Shares Surge as Promoter Increases Stake by 1.29%
Swadeshi Polytex Limited's shares hit a 2 percent upper circuit on BSE after its promoter, Paharpur Cooling Towers Limited, increased its stake from 19.05 percent to 20.34 percent.
Swadeshi PolytexReal EstateBsePromoter StakeMicrocapReal EstateJun 05, 2025
With a market capitalization of Rs. 255.6 crores, Swadeshi Polytex Limited's shares hit the upper circuit at Rs. 65.54 on BSE, compared to its previous closing price of Rs. 64.26. Despite delivering negative returns of over 64 percent in the past year, the stock has shown a positive trend in the last month, gaining around 9 percent.
According to the latest regulatory filings with the BSE, Paharpur Cooling Towers Limited, which previously held 74,31,204 shares, has acquired an additional 5 lakh equity shares. This acquisition has brought the promoter’s stake to 79,31,204 shares. On June 2nd, Paharpur Cooling Towers Limited had already increased its stake by 0.63 percent, from 18.42 percent to 19.0 percent, by acquiring 2,49,157 equity shares.
Swadeshi Polytex Limited is primarily engaged in real estate transactions, including the purchasing, selling, leasing, and development of various types of real estate and immovable properties. The company's core activities revolve around the acquisition, development, and management of real estate assets, making it a significant player in the real estate sector.
The recent increase in the promoter's stake is a positive indicator for the company, as it reflects the promoter's confidence in the company's future prospects. This move is likely to boost investor sentiment and potentially attract more interest in the stock. However, investors should exercise caution and consider the broader market trends and the company's financial health before making any investment decisions.
Swadeshi Polytex Limited's performance in the past year has been challenging, with the stock experiencing significant volatility. The recent positive movement, driven by the promoter's stake increase, is a welcome sign for existing and potential investors. However, it is crucial to conduct thorough research and consult financial advisors before making any investment decisions.
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Frequently Asked Questions
What triggered the surge in Swadeshi Polytex Limited's shares?
The surge in Swadeshi Polytex Limited's shares was triggered by an increase in the promoter's stake from 19.05 percent to 20.34 percent, as Paharpur Cooling Towers Limited acquired an additional 5 lakh equity shares.
What is the current market capitalization of Swadeshi Polytex Limited?
Swadeshi Polytex Limited currently has a market capitalization of Rs. 255.6 crores.
What is the primary business of Swadeshi Polytex Limited?
Swadeshi Polytex Limited is primarily engaged in real estate transactions, including the purchasing, selling, leasing, and development of various types of real estate and immovable properties.
How has the stock performed over the past year?
The stock has delivered negative returns of over 64 percent in the past year, but it has shown a positive trend in the last month, gaining around 9 percent.
What should investors consider before investing in Swadeshi Polytex Limited?
Investors should consider the broader market trends, the company's financial health, and consult financial advisors before making any investment decisions. The recent increase in the promoter's stake is a positive indicator but should not be the sole factor in investment decisions.
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