Multibagger stocks: These are the Top Performing textile stocks of 2021 so far
The textile stocks are in vogue and the demand for high quality stocks from the sector increases as several companies are showing outstanding performances in the latest quarterly results. If we look at the results of KPR Mills, Trident, Faze 3 and AmarJyothi Spinning Mills one gets a sense that the sector is witnessing change in fortunes for sure.
There are multiple triggers for the sectors including the renewed enthusiasm from the GOI side where the support has been declared in various forms to the sector. With rising covid cases in India’s neighbouring countries, the demand for the Indian textile products has seen an uptick. Europe’s decision to cancel the GSP+ status of Pakistan is seen as a huge trigger for the textile sector in India. Pakistan is one of the biggest textile suppliers to EU and has been enjoying a special trade partner status.
With the tides turning for the textile sector several stocks from the sector are turning out to be multibaggers.
Here is the list of top performing textile stocks of 2021:
|
Sr No
|
Company Name
|
Latest Market Cap (Rs crore)
|
Price on Aug 12,2021
|
YTD Returns (%)
|
|
1
|
Adinath Textiles Ltd.
|
10.82
|
21.58
|
1161.99
|
|
2
|
Sportking India Ltd.
|
1413.58
|
4255.45
|
846.08
|
|
3
|
Raja Bahadur International Ltd.
|
265.12
|
10604.75
|
578.49
|
|
4
|
Betex India Ltd.
|
16.53
|
110.2
|
486.17
|
|
5
|
Nahar Spinning Mills Ltd.
|
1485.17
|
411.8
|
449.07
|
|
6
|
Sanrhea Technical Textiles Ltd.
|
15.24
|
40.2
|
375.18
|
|
7
|
Felix Global Venture Ltd.
|
29.26
|
1.93
|
359.52
|
|
8
|
Premier Synthetics Ltd.
|
13.39
|
29.15
|
352.64
|
|
9
|
NIBE Ltd.
|
70.53
|
67.7
|
351.03
|
|
10
|
Angel Fibers Ltd.
|
74.5
|
29.8
|
322.7
|
|
11
|
Supertex Industries Ltd.
|
10.01
|
8.83
|
316.51
|
|
12
|
Garware Synthetics Ltd.
|
9.76
|
16.8
|
313.79
|
|
13
|
Deepak Spinners Ltd.
|
222.03
|
309.85
|
297.75
|
|
14
|
DCM Nouvelle Ltd.
|
428
|
229.15
|
293.05
|
|
15
|
Vandana Knitwear Ltd.
|
17.65
|
1.65
|
283.72
|
|
16
|
Maris Spinners Ltd.
|
55.51
|
70.05
|
277.63
|
|
17
|
R&B Denims Ltd.
|
189.07
|
135.1
|
275.8
|
|
18
|
Surat Textile Mills Ltd.
|
254
|
11.44
|
270.23
|
|
19
|
JCT Ltd.
|
294.36
|
3.39
|
256.84
|
|
20
|
MK Exim (India) Ltd.
|
73.06
|
81.45
|
255.68
|