Pashupati Cotspin falls 10% before Q2 results
In short
Pashupati Cotspin shares fell to a 10% lower circuit at ₹133.90 on Wednesday, after hitting a 52-week high of ₹155.40. The move came before its Q2 FY27 results and a board meeting to consider an interim dividend.
The board has also recommended a 3:2 bonus issue. It is not stated what caused the sharp fall.
What the reporting says
Pashupati Cotspin shares hit a 10% lower circuit at ₹133.90 on Wednesday after reaching a 52-week high of ₹155.40. The move came ahead of the company’s Q2 FY27 results and a board meeting to consider an interim dividend, while the board has also recommended a 3:2 bonus issue. The reporting does not say what triggered the selloff.
Why it matters
Pashupati Cotspin shares fell to a 10% lower circuit at ₹133.90 on Wednesday after touching a 52-week high of ₹155.40. The stock move came ahead of the company’s Q2 FY27 results and a board meeting to consider an interim dividend. The board has also recommended a 3:2 bonus issue. The reporting does not establish the reason for the decline or the likely impact of the results.