ADINATH TEXTILES LTD. SHARE PRICE [LIVE]

  
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Name Mar 21 Dec 20

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Frequently Asked Questions

What is the Share price of ADINATH TEXTILES LTD. (ADINATH)?

ADINATH TEXTILES LTD. (ADINATH) share price as of October 5, 2022, on BSE is Rs 31.95 (BSE).

Can I buy ADINATH TEXTILES LTD. (ADINATH) shares?

Yes, You can buy ADINATH TEXTILES LTD. (ADINATH) shares by opening a Demat account with Angel One.

How do I buy ADINATH TEXTILES LTD. (ADINATH) from Angel One?

ADINATH TEXTILES LTD. (ADINATH) share can be brought through the following modes:
  1. Direct investment: You can buy ADINATH TEXTILES LTD. (ADINATH) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to ADINATH TEXTILES LTD. (ADINATH) shares.

In which sector do ADINATH TEXTILES LTD. (ADINATH) belong?

ADINATH TEXTILES LTD. (ADINATH) belongs to Textile .

About ADINATH

Today's live share price for ADINATH TEXTILES LTD. is NSE: N/A, BSE: ₹ 31.95 with a current market capitalization of .

Adhinath Textiles was incorporated in 1979 by the Oswal Group of Ludhiana, who also promoted Mahavir Spinning Mills and Vardhaman Spinning and General Mills. It manufactures synthetic and wool-blended hosiery and, knitting yarns which are marketed under the Adinath brand name. The company commenced operations on a small-scale in 1979-80, at Ludhiana, with an installed capacity of 5392 worsted spindles and a combing capacity of 773 tpa of wool tops. It came out with a public issue in Oct.'88 to finance its long term working capital requirements. By Mar.'90, it added additional 6000 worsted spindles. Since, the acrylic market for worsted spinning units is turning into a low margin activity, the company has decided to come out of the hosiery segment by diversifying into polyester wool, pure wool and polyester viscose yarns suitable for worsted suitings. In 1995-96, the company earned a foreign exchange of Rs 5 cr. During the year, due to the continued recession witnessed by the acrylic yarn industry, the company's margins were eroded due to increase in the cost of the raw material, restricted money supply, increase in interest rates and significant devaluation of rupee. Despite marked impovement in production, turnover and exports, the profitablity of the company did not improve correspondingly. During the year 2000-01, due to the accumulated losses the company has eroded its networth and is filling a reference to the BIFR under the provisions of SICA, 1985.

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