Watch out for these Textile Sector stocks that scrambled over 117 per cent in just 1 month; do you hold any?
About 2,179 shares had advanced, 1,314 have declined and 136 were unchanged.
On Friday, the Indian indices ended the trading session higher with BSE Sensex Index up by 0.76 per cent at 61,112.44. About 2,179 shares had advanced, 1,314 have declined and 136 were unchanged.
India’s textile sector is one of the oldest industries in the Indian economy, dating back several centuries. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic.
The Indian textile and apparel industry is expected to grow at 10 per cent CAGR from 2019-20 to reach USD 190 billion by 2025-26. India has a 4 per cent share of the global trade in textiles and apparel.
Following are the Textile Sector companies that scrambled over 117 per cent in just 1 month:
Do you own any of these stocks in your portfolio?