The textile industry is the focus of Rajapalayam Mills Ltd, a small cap company with a market valuation of ₹607.85 Cr.

Textile stock is 49% below 52-week-high, ex-date for 1:14 rights issue next week

Buzzing stocks: Mindspace Business REIT, GAIL India, Bharti Airtel, Rajapalayam Mills, Shyam Metalics, Uno Minda, VIP Clothing

Stocks that will see action on December 21, 2022

Rajapalayam MillsIts value-added products see surge in enquiries

Rajapalayam Mills charts ₹400 crore capacity expansion on strong biz outlook

Rajapalayam Mills consolidated net profit declines 36.82% in the December 2021 quarter

Rajapalayam Mills consolidated net profit rises 190.36% in the September 2021 quarter

Rajapalayam Mills consolidated net profit rises 600.20% in the June 2021 quarter

The operations of its Mills were stopped from May 24, as per guidelines from the Government of Tamil Nadu in order to prevent and contain the spread of Covid-19.

Rajapalayam Mills resumes Mill operations in Tamil Nadu

Rajapalayam Mills consolidated net profit rises 55.32% in the March 2021 quarter

The rights issue committee of Rajapalayam Mills has approved the issue of 12,29,360 shares of face value of ₹10 each at an issue price of ₹569 a share for an amount aggregating up to ₹69.95 crore. The

Rajapalayam Mills’ ₹70-cr rights issue

The issue of 12,29,360 Equity Shares of face value of Rs. 10/- each at an issue price of Rs.569/-
per Equity Share (including premium of Rs. 559/- per Equity Share) for an amount aggregating up
to Rs. 69.95 crore to all the existing equity

Rajapalayam Mills to open rights issue on 15 Mar

Board of Rajapalayam Mills approves capex of Rs 80.69 cr

Hasn't faired well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company makes yarn under it’s textiles business. The Company has wind mills with installed capacity of over 35.15 megawatts for its captive power consumption.