Aastha Spintex shares hit upper circuit on new order book update

Aastha Spintex shares hit the 5% upper circuit limit on Monday, trading at ₹129.02 on the National Stock Exchange.

The sharp intraday move followed the company's disclosure of a new order book covering the July-October 2026 period, signaling immediate demand visibility for the textile manufacturer.

Aastha Spintex's public listing was preceded by strong investor interest, with its initial public offering reaching 88% subscription by the close of its second day.

The rally marks a reversal of sentiment for the stock, which has declined more than 5.47% since its market debut on July 6.

Investors appear to be pricing in the operational stability provided by the new contract pipeline, which helps anchor near-term revenue expectations for the newly listed entity.

Aastha Spintex's public listing was preceded by strong investor interest, with its initial public offering reaching 88% subscription by the close of its second day.

The issue closed its subscription window on July 1, leading to a successful listing on both the Bombay Stock Exchange and the National Stock Exchange earlier this week.