Adinath Textiles standalone net profit declines 6.25% in the March 2022 quarter

Stock of Adinath Textiles has delivered 1,953% returns to shareholders in one year. The microcap share, which stood at Rs 1.55 on August 25, 2020, rose to an all-time high of Rs 31.83 on BSE today. An amount of Rs 1 lakh invested in Adinath Textiles stock 12 months ago would have turned into Rs 20.5…

Rs 1.55 to Rs 32: This penny stock turned into a multibagger in one year

Adinath Textiles standalone net profit rises 200.00% in the March 2021 quarter

Adinath Exim Resources standalone net profit rises 150.00% in the December 2020 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Adinath Textiles is engaged in manufacturing of blended acrylic yarn.