Shares of Vishal fabrics surged over 8% after the Gujarat-based textile company acquired 528100 Equity Shares of Nandan Industries Private Limited. At around 2:58 pm, the small-cap stock was trading at Rs 28.13, up 8.78% on BSE against its previous day's closing price of Rs 25.86 per share. Vishal Fabrics in an exchange filing said that it has acquired the said shares at a price of Rs 123 as per the valuation report, amounting to Rs 6,49,56,300. The acquisition was completed on 28th April, 2025, from a shareholder of  Nandan Industries Private Limited.

Vishal Fabrics shares performance

The smallcap textile stocks have not performed well in the year 2025, as it plunged over 25% this year till the date. However, in the last 12 months, Vishal fabrics shares rose around 30%. In last 5 session the stock surged nearly 3%. At present, it's 52 week high and low values are Rs 42.88 and Rs 18.0 respectively.

As per the filing, Vishal Fabrics Limited (“the Company”) currently holds 23.17% equity share capital in Nandan Industries Private Limited, and the latter is already an “Associate Company” of Vishal Fabrics Limited (“the Company”), effective from March 29,

As per this transfer, Vishal Fabrics Limited (“the Company”) has acquired 35.41% of the equity share capital of Messrs. Nandan Industries Private Limited.

Stock Market Today

The Indian stock market is trading in green, as the Sensex, Nifty surged over 1 per cent in the intraday trade. At around 3:23 pm, the BSE index was up 1013 points while Nifty50 was up 293 points. Buying in Reliance Industries buoyed the market sentiment. The blue-chip stock was trading 5% up after it reported strong financials in Q4 of FY25.

Also read: Reliance Industries Shares Soar Nearly 4% On Strong Q4 Result

Disclaimer: This is just a piece of information about recent developments in the stock. Jagran does not advise investing. Please do take expert advise before investing.