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ABSTRACT This quantitative research investigates the impact of rights issues on the share price performance of PTC Industries Ltd and Bhagiradha Chemicals & Industries Ltd over a 90-day period surrounding the announcement dates. Utilizing secondary data from reliable financial sources, the study employs statistical tools like descriptive statistics, risk-return analysis, and Cumulative Abnormal Returns (CAAR) to analyze trends before and after the rights issue announcements. Findings indicate that PTC Industries witnessed a significant increase in returns with a mild rise in risk post-rights issue, suggesting a lucrative opportunity with manageable volatility. In contrast, Bhagiradha Chemicals experienced a sharp drop in returns and a substantial increase in risk, indicating a less favorable investment environment. Rights issues positively impacted PTC Industries' share price performance, as evidenced by a significant increase in CAAR, while Bhagiradha Chemicals displayed a positive but muted effect, possibly influenced by investor concerns. The study concludes by emphasizing the divergent outcomes and underscores the nuanced nature of the relationship between rights issues and short-term market dynamics, advocating for rigorous research and risk management for optimal returns.