New Delhi, April 27 -- Penny stock Gujarat Cotex share price soars over 100% in the last 1 month after the company announced plans to raise Rs.42.73 crore through a rights issue to support its expansion across hospitality, real estate, and core business segments.

The issue, which opened on April 10, will close on May 8, 2026, offering shares at Rs.5 apiece-a steep discount to the market price of Rs.11.2 as of April 24. The offer is structured in a 6:1 entitlement ratio, meaning shareholders can subscribe to six rights shares for every one share held. In total, the company plans to issue over 8.54 crore equity shares to raise the targeted amount.

Gujarat Cortex stock has also been gaining in recent times, advancing 35% in the past 3 mont...