Penny Stock Alert: THIS Textile Stock Jumps 20% In Single Day | Do You Own?

Penny Stock Alert: Shares of Nandan Denim Limited ended Friday's trading session with nearly 20% gain. The penny stock saw a spurt in volume by more than 18.77 times and hit the upper circuit. It has delivered a return of close to 14.77% in one month.

Nandan Denim share price ended 19.82% higher at Rs 2.72 per share on BSE with a market capitalisation of Rs 392.08 crore on Friday. The stock touched an intraday high of Rs 2.72 per share and an intraday low of Rs 2.26.

Nandan Denim Q1 Update

The recent rally in the stock has come days after the company announced first quarter result for the financial year 2026-27. The denim maker reported a 32% annual surge in net profit to Rs 14.79 crore in the June quarter of financial year 2026-27. The company's net profit stood at Rs 11.19 crore in the June quarter of financial year 2025-26. Nandan Denim's net revenue from operations stood at Rs 622.38 crore in Q1FY27, down from Rs 1047.67 crore in Q1FY26.

Nandan Denim's net profit before tax stood at Rs 10.32 lakh, against Rs 14.82 lakh against the corresponding quarter last year. The company's bottom-line growth benefited from Rs 5.07 lakh credit related to short provision for income tax/deferred tax for earlier year. The deferred tax for the current quarter stood at Rs 58.98 lakh. The firm's basic earnings per share stood at Rs 0.10 against Rs 0.08 in the corresponding quarter.

In April this year, the company's board of directors approved the purchase of a 6.1% equity stake in Opera Vayu (Narmada) Private Limited. Opera Vayu (Narmada) Private Limited is a special-purpose vehicle that is set up for renewable energy generation under the captive power framework.

Nandan Denim has considered and approved entering into a Share Transfer cum Shareholders' Agreement with the Special Purpose Vehicle i.e. M/s. Opera Vayu (Narmada) Private Limited ("SPV"), and Shivman Wind Energy Private Limited (Promoter and Project Implementer) for the purchase of wind & solar power under the applicable captive power route and in this connection," read a BSE filing shared by the company on April 17.

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