Market Performance
Vishal Fabrics share price gained momentum on Wednesday, rising over 4% after a foreign institutional investor (FII) increased its stake in the company. The stock touched an intraday high of ₹36.94 per share, marking a rally of 4.64% on the BSE.
At around 10:10 AM, Vishal Fabrics shares were trading 1.64% higher at ₹35.88 apiece, extending the upward trend.
- 1-Month Performance: Down by 1%
- 3-Month Performance: Up 23%
- 6-Month Performance: Up 30%
- 1-Year Performance: Gained 3%
- 2-Year Performance: Multibagger returns of 135%
Main News
The upward movement in Vishal Fabrics share price came after Mauritius-based Elysian Wealth Fund (formerly Silver Stallion Ltd) increased its stake through a preferential allotment of equity shares.
The FII acquired 80,67,176 equity shares, representing 3.71% stake in the company, after converting warrants into equity shares.
Company Details
- Previous Holding: 69,32,824 shares (3.31% stake)
- New Acquisition: 80,67,176 shares (3.71% stake)
- Total Holding Post-Allotment: 1.50 crore shares (6.89% stake)
Following this preferential allotment, Vishal Fabrics’ paid-up equity capital expanded to ₹108.8 crore, comprising 21.76 crore shares with a face value of ₹5 each.
Summary
Vishal Fabrics share price has been witnessing steady movement, supported by increased foreign investor interest. The latest preferential allotment to Mauritius-based Elysian Wealth Fund has raised the FII’s stake to 6.89%, further strengthening investor confidence.
Despite a minor 1% decline in the past month, the stock has delivered impressive gains over the medium to long term, including a 135% jump over two years, highlighting its strong growth trajectory in the small-cap segment.
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