Markets at a glance

 Bhilwara group company, Rajasthan Spinning and Weaving Mills (RSWM), one of the largest manufacturers and exporters of a range of synthetic and blended yarn in India is worth looking at. Its stock price tanked by about 30 per cent over the last one month due to volatility in the market.  This has made the company's valuation attractive. The company's 24 per cent stake in its group company, Bhilwara Energy is valued at Rs 120 per share and this alone forms about 82 per cent of its current market price of Rs 148. Excluding the value of its investments, the company's textile business trades at just 2.5 times its estimated FY09 earnings