Aastha Spintex Shares Surge to 5% Upper Circuit on Falcon Yarns Acquisition

x shares hit the 5% upper circuit on Friday, July 10, 2026, trading at ₹122.89 on the NSE, following the announcement of its strategic acquisition of Falcon Yarns. The Gujarat-based integrated cotton yarn manufacturer recently listed on July 6 after raising ₹170 crore through its IPO. The acquisition will more than double the company’s spinning capacity from 7,700 MT to 17,457 MT and spindle capacity from 25,920 to 61,824. Falcon Yarns operates a spinning facility in Gujarat with 35,904 spindles and 9,757 MT annual production. Managing Director Divyang Jashwant Patel described the move as a key step to meet rising demand, boost efficiency, and strengthen market position. The stock had declined nearly 15% over the prior three sessions before this rebound.