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Rajapalayam Mills surges on acquiring stake in Clean Max Opus

09 Aug 2023 Evaluate

Rajapalayam Mills is currently trading at Rs. 799.00, up by 21.55 points or 2.77% from its previous closing of Rs. 777.45 on the BSE.

The scrip opened at Rs. 770.00 and has touched a high and low of Rs. 815.40 and Rs. 770.00 respectively. So far 1367 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 917.97 on 15-Sep-2022 and a 52 week low of Rs. 551.00 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 825.00 and Rs. 769.10 respectively. The current market cap of the company is Rs. 736.69 crore.

The promoters holding in the company stood at 55.42%, while Institutions and Non-Institutions held 0.44% and 44.15% respectively.

Rajapalayam Mills has acquired 1,660 Equity Shares of M/s Clean Max Opus having face value of Rs 10 each, which is 16.60% of the paid up Share capital of M/s Clean Max Opus. The object of acquiring the Shares of M/s Clean Max Opus by the company and other Group Companies is to purchase solar power under Group Captive mode.

M/s Clean Max Opus is dealing in generation and supply of renewable energy from solar, wind or wind solar hybrid and any other renewable energy sources in form of solar project.

Rajapalayam Mills is engaged in the manufacture and sale of yarns. 

Rajapalayam Mills Share Price

804.50 16.50 (2.09%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
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