Pashupati Cotspin shares hit the 10% lower circuit at ₹133.90 on Wednesday, 4 November, after touching a fresh 52-week high of ₹155.40 during the session. The stock also witnessed a sharp jump in trading volume, more than 1.89 times higher.
The sharp volatility comes ahead of the company's Q2 FY27 results. Pashupati Cotspin's board of directors is scheduled to meet on Friday, 6 November, to consider and approve the unaudited financial results for the quarter and half year ended 30 September 2026.
The board will also consider declaring an interim dividend, if any, on the company's equity shares for FY27.
Pashupati Cotspin’s board has recommended a 3:2 bonus issue, under which shareholders will receive three bonus shares for every two shares held, subject to approval through a postal ballot. The company is expected to complete the bonus issue by 2 December 2026, according to an October report.
Meanwhile, the exchange sought clarification from Pashupati Cotspin on 21 October following significant movement in its share price. The company subsequently submitted its response. The stock's recent rally also follows a sharp improvement in its financial performance, with consolidated net profit rising 265.66% year-on-year in the June 2026 quarter.