Stock under ₹70 jumps over 9% after Promoters bought additional shares via open market 

SYNOPSIS: Promoter entities increased their stake in the company through open market purchases, marginally raising shareholding, signalling confidence in the business outlook and strengthening promoter ownership position.

During Wednesday’s trading session, shares of one of India’s leading manufacturers of PVC flooring, artificial leather and PVC films & sheeting, surged more than 9 percent on the BSE, after promoters bought additional shares in the company via open market transactions on NSE.

With a market cap of Rs. 627 crores, shares of Premier Polyfilm Limited are currently trading in the green at Rs. 59.85 on BSE, up by over 3 percent, compared to its previous closing price of Rs. 57.98. So far in 2026, the stock has delivered positive returns of around 47 percent in one year, and has gained by over 11 percent in the last one month.

What’s the News:

As per the latest disclosures with the stock exchanges, Premier Polyfilm Limited has reported promoter-level share accumulation. One of its promoters, D L Millar & Co. Limited, acquired 1,70,250 equity shares, representing around 0.16 percent stake, through an open market transaction on the NSE on 24th March 2026. Following this purchase, its shareholding increased from 1,47,59,502 shares (14.09 percent) to 1,49,29,752 shares (14.25 percent).

In a parallel transaction, Premier Polyplast and Processors Limited, another promoter group entity, also acquired around 1.7 lakh equity shares (0.16 percent) via an open market purchase on the same day.

Post-acquisition, its holding increased from 1,38,58,022 shares (13.23 percent) to 1,40,28,022 shares, taking its ownership to 13.39 percent. The combined promoter buying indicates a marginal increase in stake, reflecting continued confidence in the company.

Financials & More:

Premier Polyfilm Limited is engaged in the business of manufacturing vinyl flooring, sheeting and artificial leather cloth which are used for a variety of industrial and consumer applications. It has established another factory at its industrial plot at Sikandrabad Industrial Area, Sikandrabad, District Bulandshahar (UP) to manufacture soft-touch cushion-type artificial PVC leather cloth, PVC sheetings and films, knitted fabric, etc.

The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of over 28 percent, from Rs. 61.87 crores in Q3 FY25 to Rs. 79.28 crores in Q3 FY26. Likewise, its net profit increased during the same period from Rs. 6.67 crores to Rs. 9.28 crores, representing a rise of nearly 39 percent YoY.

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