FIIs bought 3,65,63,310 shares of this textile company: Penny stock below Re 1 jumped over 5% on December 19
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The company has a market cap of over Rs 300 crore and has delivered good profit growth of 69 per cent CAGR over the last 5 years.
On Friday, the shares of Filatex Fashions Ltd jumped 5.41 per cent to Re 0.39 per share from its previous closing of Re 0.37 per share on NSE. The stock’s 52-week high is Re 0.91 per share and its 52-week low is Re 0.35 per share.
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.
According to Quarterly Results, the company reported net sales of Rs 23.48 crore and net profit of Rs 1.01 crore in Q2FY25 and in its annual results, the company reported net sales of Rs 178 crore and net profit of Rs 9 crore in FY25. In September 2025, FIIs bought 3,65,63,310 shares and increased their stake to 0.46 per cent compared to 0.02 per cent in June 2025.
The company has a market cap of over Rs 300 crore and has delivered good profit growth of 69 per cent CAGR over the last 5 years. The stock is trading at 0.13 times its book value and up by 11.43 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.