Pashupati Cotspin experienced intense price swings as trading volume surged over 1.89 times during Wednesday's session, ultimately triggering the daily lower limit at ₹133.90. The correction comes right before directors meet on November 6 to consider quarterly financials and an interim dividend for FY27. Investors are also monitoring an upcoming 3:2 bonus share distribution scheduled to conclude by early December. Strong June quarter net profits previously fueled the stock's multi-week surge before this pullback.
Key points
Trading activity accelerated significantly during the session, with volume expanding to m…: Trading activity accelerated significantly during the session, with volume expanding to more than 1.89 times the normal level.
The company previously recommended a 3:2 bonus issue that is expected to be finalized by…: The company previously recommended a 3:2 bonus issue that is expected to be finalized by December 2, 2026.
Prior operational momentum was driven by a 265.66% year-on-year increase in consolidated…: Prior operational momentum was driven by a 265.66% year-on-year increase in consolidated net profit for the June 2026 quarter.
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Pashupati Cotspin shares hit the 10% lower circuit at ₹133.90 on Wednesday, 4 November, after touching a fresh 52-week high of ₹155.40 during the session. The stock also witnessed a sharp jump in trading volume, more than 1.89 times higher.
The sharp volatility comes ahead of the company's Q2 FY27 results. Pashupati Cotspin's board of directors is scheduled to meet on Friday, 6 November, to consider and approve the unaudited financial results for the quarter and half year ended 30 September 2026.
The board will also consider declaring an interim dividend, if any, on the company's equity shares for FY27.
Pashupati Cotspin’s board has recommended a 3:2 bonus issue, under which shareholders will receive three bonus shares for every two shares held, subject to approval through a postal ballot. The company is expected to complete the bonus issue by 2 December 2026, according to an October report.
Meanwhile, the exchange sought clarification from Pashupati Cotspin on 21 October following significant movement in its share price. The company subsequently submitted its response. The stock's recent rally also follows a sharp improvement…
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