Penny stock hits 5% upper circuit after company to explore real estate potential of landPenny stock hits 5% upper circuit after company to explore real estate potential of land

Introduction:

Penny stock has announced the closure of its manufacturing unit at Focal Point, Ludhiana, as part of a strategy to monetize land for real estate potential. This move aims to improve liquidity and support the company’s financial stability and future growth.

Share Price movement of Vardhman Polytex:

On March 10, 2025, Vardhman Polytex Limited opened at ₹9.96, reaching a high of ₹10.10 and a low of ₹9.65, hitting a 5% upper circuit from its previous close of ₹9.62. The stock is currently trading at ₹10.10, with a market cap of ₹440.33 crore.

Vardhman Polytex hits 5% upper circuit:

Vardhman Polytex Limited has announced the closure of its manufacturing unit at Focal Point, Ludhiana. The decision was made as part of the company’s strategy to explore the monetization of the land’s real estate potential. This move aims to enhance financial liquidity.

The closure is part of the company’s broader strategy to augment funds. The generated funds will be utilized to repay outstanding liabilities to lenders and to support future growth initiatives. This aligns with the company’s efforts to strengthen its financial position.

The Board of Directors approved the closure during a meeting held on March 10, 2025, from 10:30 AM to 11:00 AM. The company is committed to fulfilling regulatory requirements and keeping stakeholders informed of this strategic decision.

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Recent news About Vardhman Polytex:

For the quarter ending December 31, 2024, the company reported a total income of ₹78.51 crore, marking a 6.45% increase from the previous quarter’s ₹73.76 crore and a 23.28% rise year-over-year from ₹63.69 crore. Net profit after tax stood at ₹24.06 crore for the same period.

Ace investor holding of Vardhman Polytex:

Anupama Kothari holds an 11.47% stake in Vardhman Polytex Ltd., with 50,000,000 shares, valued at ₹50.5 crore. Her investment reflects confidence in the company’s growth, particularly in the textile and manufacturing sectors.

Navin Kumar Gupta owns 3.94% of Vardhman Polytex Ltd., holding 17,170,596 shares, valued at ₹17.3 crore. His stake indicates a strategic investment in the company’s long-term performance and growth potential within the textile industry.

Stock performance of Vardhman Polytex for Period of 1 week, 6 months and 1 year:

Vardhman Polytex’s stock has seen a 1.54% decline over the past week, indicating short-term weakness. Over the last six months, the stock dropped by 16.8%, reflecting a sustained downturn. However, it has shown a 9.82% increase over the past year, indicating longer-term growth.

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Shareholding pattern of Vardhman Polytex:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	30.76	49.14	49.14
FII	0.64	0.32	0.24
DII	0	0.08	0.01
Retail & others	68.6	50.46	50.62

About Vardhman Polytex:

Vardhman Polytex is a leading player in the textile industry, specializing in manufacturing and supplying yarn, fabrics, and garments. The company focuses on sustainable growth, technological innovation, and expanding its market reach, aiming to strengthen its position in the global textile sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.