AVI Polymers share price hits 5% upper circuitAI Quick ReadMultibagger small-cap stock AVI Polymers hit its 5% upper circuit of ₹19.02 on Wednesday, 29 April, after the firm announced that its promoters are planning to raise stake by up to 5% via open market buys after sharp financial turnaround
According to the exchange filing, the proposed acquisition will be carried out in a phased manner over the coming months, in line with regulatory limits prescribed under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011, as well as insider trading norms. The company said it will continue to make necessary disclosures as and when transactions are executed.
The filing informed that the promoter group’s move comes after a dramatic improvement in the company’s financial performance in FY26. AVI Polymers highlighted that it delivered a 4,854x surge in revenue to ₹3312.11 crore, alongside a 25x expansion in net profit, marking a significant turnaround in its business trajectory.
The company attributed this performance to its strategic pivot towards becoming a high-growth, technology-driven enterprise. This transformation appears to have strengthened promoter conviction in the long-term intrinsic value of the business, prompting the decision to increase stake.
As per the filing, promoters view current market conditions as an attractive opportunity to consolidate their holdings, particularly after the company’s operational and financial restructuring.
"With our balance sheet now 100% debt-free, our net worth expanding to ₹115.99 Crore, and the successful operational launches of our wholly-owned AI subsidiaries (KrishiBuddy and AVI Health AI), the promoters strongly believe that the current market dynamics present an exceptionally compelling opportunity to increase their foundational stake in the business," it said in the release.
A key highlight of the company’s transformation has been the launch of its wholly-owned AI-focused subsidiaries, including KrishiBuddy and AVI Health AI. These ventures mark the company’s entry into technology-driven segments, potentially opening up new revenue streams and enhancing scalability.
The management believes that these strategic initiatives, combined with improved financial metrics, position the company for sustained growth over the long term.
The stock has been giving positive returns in recent time frames. It has advanced 8% in the last 1 month, 22% in 3 months, 43% in 6 months and 33% in the past 1 year.
Moreover, in the long term, the small-cap stock has given multibagger returns, soaring around 350% in 5 years.
It hit its 52-week high of ₹29.41 in March 2026 and its 52-week low of ₹5.43 in November 2025.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience.
Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism.
Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends.
An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.