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.
The views and investment tips expressed by investment experts, broking houses, or rating agencies on tradebrains.in are their own and do not represent the views of the website or its management. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of decisions based on this article. Investors are advised to consult their financial advisors before investing in any stock.
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.
Related News Articles
Private Equity Investments in Indian Real Estate Soar to $4.2 Billion in 2024
Private equity investments in Indian real estate surged to $4.2 billion in 2024, marking a 32% increase from the previous year. This growth is particularly significant in cities like Mumbai, which continues to attract substantial capital.
India's GDP Surges to 6.2% in Q3FY25, Marking Significant Economic Recovery
India's economy continues to show robust growth, with the GDP rising to 6.2% in the third quarter of FY25. This is a significant improvement from the previous quarter's 5.4% and marks a positive trend in the country's economic recovery.
Marubeni Corp Exits Mumbai Real Estate Venture with Rs 218 Cr Debenture Redemption
Marubeni Corp, a significant player in the global trading and investment business, has announced its exit from Atmosphere Realty, a joint venture in Mumbai. The Japanese company has redeemed Rs 218 crore worth of debentures, marking the end of its involve
Mumbai's Real Estate Boom: 88,000 Homes Sold in Q1 2025, 46% Above Rs 1 Crore
Despite a dynamic and competitive market, Mumbai has emerged as the real estate hub, with over 88,000 homes sold in Q1 2025. Notably, 46% of these homes were priced above Rs 1 crore, highlighting the city's robust demand for high-end properties. Pune, another key player, also saw significant growth in its real estate sector.
Nifty Braces for Impact as Nasdaq Enters Bear Market
The Indian stock market, particularly the Nifty, is bracing for a volatile start following the significant downturn on Wall Street. The Nasdaq has officially entered bear market territory, raising concerns for investors globally.
Supreme Universal Closes ₹174 Cr Transaction for Ultra-Luxury Property in Mumbai
Supreme Universal has successfully closed a Rs 174 crore deal for its ultra-luxury property, Supreme ArtHouse, located in Bandra, Mumbai. The sea-facing duplex is a prime example of luxurious living.