On March 11, 2025, shares of the multibagger penny stock, Pasupati Acrylon, experienced a remarkable surge, rising nearly 17% during intra-day trading. This uptick followed the company’s announcement regarding the successful completion of its 150 KL per day grain-based ethanol plant, which ignited investor enthusiasm and pushed the stock price higher.

Completion of the Ethanol Plant

In a recent filing with the stock exchange, Pasupati Acrylon shared exciting news: "We are pleased to announce that our grain-based ethanol plant, capable of producing 150 KL daily, has been completed." The company also mentioned that they have initiated regular trials and are in the final stages of testing, with commercial production on the horizon. A formal update regarding the operational launch will be provided at a later date.

Stock Performance Insights

The stock’s impressive performance saw it reach an intra-day peak of ₹49.89, reflecting a 16.8% increase. Despite this momentous climb, it remains significantly below its 52-week high of ₹70.79, achieved in September 2024. Notably, the stock has rebounded over 50% from its low of ₹33.20 recorded in June 2024.

• Current stock performance:
  • March 2025: Up 23.5%
  • February 2025: Down 15%
  • January 2025: Up 3%

Over the past year, while the stock has remained relatively stable, it has delivered impressive long-term growth, skyrocketing over 600% in the last five years.

About Pasupati Acrylon

Founded in 1990, Pasupati Acrylon is a prominent manufacturing entity that specializes in acrylic fiber, acrylic tow, acrylic tops, and cast polypropylene (CPP) films. With a cutting-edge facility located in Thakurdwara, Uttar Pradesh, the company serves a wide range of industrial needs.

Pasupati Acrylon is well-regarded for its high-quality acrylic fibers, which come in various deniers, cut lengths, and luster options. These fibers are essential in producing a variety of products, including:

• Sweaters
• Shawls
• Apparel
• Blankets
• Carpets
• Upholstery

Moreover, the company produces acrylic tow used in stretch-breaking machines and offers a diverse range of CPP films, encompassing metallized, natural, and white varieties.

As Pasupati Acrylon moves forward with its new ethanol plant, the company continues to showcase its commitment to innovation and growth in the manufacturing sector, promising exciting opportunities for investors and stakeholders alike.