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Shares of small-cap stock Tuni Textile Mills, which has a market capitalisation of ₹103 crore, have been hitting the upper circuit limit lately, defying the sharp volatility in the Indian stock market. Extending the trend, the small-cap stock hit another 5% upper circuit in Wednesday’s session, September 23, settling at ₹1.66 apiece. The rally came after the company announced that it had received three domestic purchase orders for the supply of woven shirting and finished fabrics as part of its regular textile business. The orders, received during September 2026, collectively cover approximately 1.975 million metres of fabric and have an aggregate base order value of around ₹295.13 million to ₹301.73 million, excluding applicable GST. The orders include poly-cotton, higher-cotton-content and other shirting and finished fabric specifications, with delivery timelines generally ranging between 60 and 120 days. One of the orders is required to be completed on or before January 5, 2027, while payment terms are generally between 60 and 90 days, as per the filing. "The receipt of these purchase orders marks an encouraging development for Tuni Textile Mills and reflects continued customer demand across our core shirting and blended-fabric portfolio. The aggregate order quantity of approximately 1.975 million metres provides meaningful execution visibility for the upcoming operating period and reinforces our focus on converting product development, design capability and customer relationships into executable business, the company said in its filing. "Our immediate priorities remain disciplined production planning, quality consistency, timely delivery and prudent working-capital management. We believe that dependable execution of such orders can support deeper customer relationships and strengthen the company's positioning in its core textile segments. At the same time, the Company will continue to maintain a balanced approach to growth, with emphasis on operational discipline, product quality and sustainable business development," it further added. With today’s bull run, the stock extended its gains for the sixth consecutive session and closed each day by hitting the maximum limit set for the counter. Between September 16 and September 21, the stock hit the 10% upper circuit limit. The exchange later appears to have changed the limit to 5%, but the stock continued its winning run. For context, when a stock repeatedly hits its upper circuit limit, it indicates strong buying interest, with buyers consistently placing orders on the exchanges amid limited selling activity. Meanwhile, the recent winning streak has pushed the stock’s September returns to a whopping 106%, erasing all of its recent losses and turning positive for 2026, with gains of 25%. Disclaimer: We advise investors to check with certified experts before making any investment decisions. Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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