Shares of Vishal Fabrics gained over 4 per cent on Thursday as the company has purchased 192000 equity shares of Quality Exim Private Limited (QEPL). According to the information shared the acquisition was completed on March 19 2025. After the acquisition the companys stake has increased to 37.92 per cent from 28.03 per cent. According to an exchange filing the company has acquired 192000 shares of Quality Exim Pvt Ltd at price of Rs 260 as per valuation report amounting of Rs 49920000 from various shareholders. Currently Vishal Fabrics holds 28.03 per cent equity share capital of Quality Exim which is already an associate company. The stock opened in the green today at Rs 25 against the previous close of Rs 24.32 on the BSE. The stock held in green amid firm and was trading at Rs 24.98 at the time of writing the report. The textile companys shares have been gaining for the last three consecutive trading sessions yielding a return of 8 per cent. As per BSE analytics the textile stock has corrected 33 per cent on YTD basis while yielded a positive return of 31 per cent in the last one year. Meanwhile stock markets surged in early trade on Thursday powered by a rally in IT stocks and firm trends in the US equities after the Federal Reserve maintained its rate cut projections for this year. The 30-share BSE benchmark Sensex jumped 478.13 points to 75927.18 in early trade. The NSE Nifty surged 149.1 points to 23056.70. From the Sensex pack Infosys Tata Consultancy Services Bharti Airtel HCL Tech Zomato Tech Mahindra Titan and Mahindra & Mahindra were the biggest gainers. However Bajaj Finance UltraTech Cement Adani Ports and Tata Steel were among the laggards. The domestic market is expected to continue its rally driven by strong momentum in global markets following the US Federal Reserves announcement to cut interest rates twice this year Vikas Jain Head of Research at Reliance Securities said.