Hyderabad-based penny stock under Re 1 locked in 20% upper circuit on June 30 with 17 Times spurt in volume!
The shares of the company saw a spurt in volume by more than 17 times on the BSE.
On Monday, the shares of Filatex Fashions Ltd hit a 20 per cent upper circuit to Re 0.62 per share from its previous closing of Re 0.52 per share. The stock’s 52-week high is Rs 1.70 per share and its 52-week low is Re 0.43 per share. The shares of the company saw a spurt in volume by more than 17 times on the BSE.
Hyderabad-based Filatex Fashions Limited, incorporated in 1995, specialises in the manufacturing of socks, offering a diverse product portfolio. Their luxury line, "Tuscany," features socks made with high-quality yarns and hand-linked seams. The "Smart Man" range caters to business and casual wear, utilising traditional manufacturing methods for multi-coloured fun socks, walking socks, bed socks and pure cotton everyday socks. In addition to socks, the company operates an online store, Vogue4all.com, which provides a global designer wear collection, including ethnic wear, handbags and backpacks. Filatex Fashions Ltd boasts an impressive clientele, including renowned brands such as FILA, Sergio Tacchini, Adidas and Walt Disney.
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According to Quarterly Results, the company reported net sales of Rs 65.83 crore and net profit of Rs 1.81 crore in Q4FY25 and in its annual results, the company reported net sales of Rs 178 crore and net profit of Rs 9 crore in FY25.
The company has a market cap of over Rs 500 crore and has delivered good profit growth of 69 per cent CAGR over the last 5 years. The stock is trading at 0.22 times its book value and up by 44.2 per cent from its 52-week low of Re 0.43 per share.
Disclaimer: The article is for informational purposes only and not investment advice.