With a huge bulk deal, this multibagger stock is hitting back-to-back upper circuits! Do you own it?

Within a year, the stock shot up more than 280 per cent while shareholders enjoyed stellar returns of 48 per cent in just five trading sessions!

The majority of stocks fell due to concerns that major economies will experience a recession as an outcome of raising interest rates to fight inflation. As a result of the global downturn, the Indian benchmark indices opened sharply lower. All sectors witnessed significant losses with BSE Metals taking the worst hit.  

There is one stock that continually hits back-to-back upper circuits and did so even on Monday, despite the lacklustre trading session. On an intraday basis on Monday, the shares of Filatex Fashions soared, achieving a 52-week high of Rs 10.10 per share on BSE after being locked in the 5 per cent upper circuit.        

Within a year, the stock shot up more than 280 per cent while shareholders enjoyed stellar returns of 48 per cent in just five trading sessions!  

Another factor attracting investors is the bulk deal in this company. Eriska Investment Fund, a Mauritius-based foreign investment firm, purchased seven lakh shares of Filatex Fashions at a price of Rs 9.17 per share and invested Rs 64.19 lakh in a bulk transaction executed on September 22, 2022.  

Filatex Fashions caters to all market segments, including school children, office wear, premium quality socks, etc. To well-known brands like Maxwell, Fila India, Adidas, Park Avenue, Tommy Hilfiger, and Metro as well as e-commerce giants like Amazon, Flipkart, Snapdeal, etc., Filatex Fashions is the major supplier of socks in a variety of designs.  

Keep a close eye on this scrip for the upcoming sessions!