Alpine Texworld hits 5% lower circuit for seventh straight session; shares down over 43% from Rs 105 listing price
AI Market Summary
Alpine Texworld's shares have hit the 5% lower circuit for seven straight sessions since listing at Rs 105, now down over 43% with market cap shrinking by ~Rs 100 crore. The persistent lock-limit selling signals weak post-IPO demand and liquidity stress in a single small-cap Indian textile name, but broader cross-asset impact should be limited.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.07%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Alpine Texworld has hit the 5% lower circuit for seven consecutive trading sessions since listing on July 21 at an IPO price of Rs 105, and was last at Rs 73.35, down more than 43% from the issue price. Its market capitalisation has fallen to Rs 280.92 crore from Rs 381.51 crore at listing, erasing over Rs 100 crore. The stock trades on the NSE and the company is an India-based textile firm.
