Low PE Textile & Apparel Company Hits 5% Upper Circuit; FII Holding Jumps Over 3x Despite 86% Fall From 52-Week High
Join Us
Follow Us
R&B Denims shares hit the upper circuit limit on Wednesday, while FII holding increased from 0.06 per cent to 2.07 per cent over the last year. The stock, however, continues to trade nearly 86 per cent below its 52-week high of Rs 69.70
✨ Key Takeaways
Indian equity benchmarks ended lower on Wednesday, with the benchmark Nifty 50 index declining 27.15 points, or 0.12 per cent, to 23,214.95. Amid the broader market weakness, R&B Denims share price hit the 5 per cent Upper Circuit at Rs 9.75, gaining 4.95 per cent during the session.
R&B Denims Stock Hits Upper Circuit Despite Recent Correction
R&B Denims shares touched the upper circuit limit of 5 per cent on Wednesday. The stock is currently trading near its 52-week low of Rs 9.01, while its 52-week high stands at Rs 69.70.
At the current market price of Rs 9.75, the stock remains approximately 86 per cent below its 52-week high, highlighting the significant correction witnessed over the past year.
Shareholding Pattern; FII Holding Increases More Than 3 Times
According to the latest shareholding pattern, Foreign Institutional Investors (FIIs) increased their stake to 2.07 per cent in March 2026 from 0.63 per cent in December 2025 and 0.56 per cent in September 2025.
On a year-on-year basis, FII holdings have increased from 0.06 per cent in March 2025 to 2.07 per cent in March 2026, representing an increase of more than 34 times over the period.
Meanwhile, Domestic Institutional Investors (DIIs) held 0.18 per cent of the company as of March 2026, while promoters maintained a stake of 57.38 per cent.
R&B Denims Recent Stock Performance
Despite Wednesday's upper circuit move, the stock has remained under pressure over the past few months. Shares have declined 24.01 per cent during the last one month and 76.59 per cent over the past six months.
The sharp correction has taken the stock significantly below its previous highs, although the recent upper circuit suggests renewed investor interest.
Also Read - Ajay Devgn Portfolio Stock Recovers 65% From 52-Week Low; Check Key Details
About R&B Denims
R&B Denims Ltd is engaged in the manufacturing and marketing of denim fabrics and textile products. The company operates in the textile sector and caters to domestic and international markets through its denim manufacturing operations.
The company focuses on producing a range of denim fabrics used across apparel and fashion segments and has established manufacturing capabilities within India's textile industry.
Add DSIJ as your preferred news source on G o o g l e
Add NowWhat are your thoughts on R&B Denims' recent upper circuit move and rising institutional participation? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.