Penny Stock Below Rs 100 Locked in 10% Upper Circuit After Securing Rs 51.46 Crore Order Book
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Aastha Spintex Ltd hit the 10 per cent upper circuit after announcing that Falcon Yarns Private Limited, its acquiring company, has secured a confirmed order book worth approximately Rs 51.46 crore, providing strong revenue visibility over the next three months.
✨ Key Takeaways
On Tuesday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 332.20 points, or 1.34 per cent, to 24,442.10. Amid the weak market sentiment, Aastha Spintex share price hit the 10 per cent Upper Circuit at Rs 83.73 after the company announced that Falcon Yarns Private Limited, its acquiring company, has secured a confirmed Order Bookworth approximately Rs 51.46 crore for the period from August 2026 to October 2026.
Rs 51.46 Crore Confirmed Order Book
The confirmed order book comprises 38 orders aggregating approximately 17.35 lakh kilograms of cotton yarn from a diversified base of more than 10 domestic customers.
According to the company, the confirmed order book is equivalent to approximately 20.62 per cent of its FY2024-25 revenue, providing strong revenue visibility for the coming quarters.
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The company stated that the order book reflects a healthy execution pipeline, with orders worth approximately Rs 25.72 crore scheduled for execution in August 2026 and Rs 24.42 crore in September 2026.
The customer base includes Fair Deal, Elkins Tradelinks Limited, A M Trading, ACME Textile, Alexa Knitfab Private Limited, Amit Export, Amita Yarn Fab, Ankita Export, Niya Textile, Sharvay Agronics LLP and Ventex Textile.
The company also highlighted that several existing customers have placed repeat orders, reflecting continued demand and confidence in its products. Additionally, A M Trading has been added as a new customer, further expanding the company's customer base. All the confirmed orders relate to the company's core cotton yarn manufacturing business.
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About Aastha Spintex
Aastha Spintex Ltd is engaged in the manufacturing of cotton yarn and textile products. The company focuses on supplying quality yarn to domestic customers and continues to expand its customer base through long-term business relationships and consistent execution.
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Disclaimer: The article is for informational purposes only and not investment advice.