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In past 3 years, a host of sectors have been making a comeback. There are two kinds of comebacks, first is in terms of macro structure of the business witnessing an improvement and hence the bottomline showing an improvement and second is in the stock price performance. Both are very different and that's the most important needed to be taken into account. In last 8-9 years, there has been a policy-level effort to revive sectors like textiles for two reasons. First, it is a labor-intensive sector and impacts a large number of people. Second, there was an opportunity to cut imports and push exports. All the policy efforts were having a moderate impact but then came Covid and China plus one came into the picture, changing the whole picture externally. Internally, help came in the form of the PLI scheme which helped some companies reduce cost of capital and resources for expanding. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
The CM has announced an additional flyover along the Bengaluru-Mysuru highway Prime Minister Narendra Modi had inaugurated a little under a year ago in the district. A peripheral ring road has also been proposed around Mysuru city to ease traffic congestion, said the CM.
India's Bharat Tex 2024, India's global textile expo, is expected to attract 3,000 companies, including Swedish clothing giant H&M, American retailer Target, CIEL Group, Busana Group, Hyosung Corporation, Perennials and Sutherland LLC, and Coats Group. The expo aims to boost India's apparel exports to $40 billion by 2030 and overall exports to $100 billion.
The Tiruppur apparel industry in Tamil Nadu is facing a potential labour crisis as thousands of migrant workers from Uttar Pradesh are returning home due to increased job opportunities, particularly after the inauguration of the Ram Mandir in Ayodhya. Around 60,000 migrant workers have already left, and the Tiruppur Exporters Association (TEA) is working to improve living conditions for migrant workers to curb the exodus.
While services have pushed up the economy, it is manufacturing that will help us reach the $10-trillion economy milestone in time. A focus on innovation, designing and education will help us get there.
Prime Minister Narendra Modi handed over 15,024 homes to economically weaker sections in Maharashtra's Solapur district, as part of the world's largest affordable housing project under PMAY-U. The project, spanning 350 acres, is divided into two phases and will construct a total of 30,000 flats across 833 buildings. Each dwelling unit costs Rs 6.10 lakh, including infrastructure priced at Rs 5,00,000.
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Fundamental Radar: What’s likely to drive re-rating of Welspun Corp? Narendra Solanki explainsIts manufacturing facilities are strategically located in India, US and Saudi Arabia. The company has established a leadership position globally in the line pipe and home textiles sectors.
Another round of re-rating? 5 stocks from textile sector with upside potential of up to 34%Some sectors underperform for years and then come into focus. Partially due to China Plus one policy, and govt's PLI scheme, the textile sector is back in focus. But there is a macro issue that textile has been completely dominated by China and other nations. The Indian textile industry has been in bad shape for decades. Given the operating matrix, will PLI scheme, other support be enough for these cos to see sustained growth to profitability. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 stocks with detailed company analysis focusing on 5 key components - earnings, fundamentals, relative valuation, risk & price momentum.
Century Textiles shares shoot up 20% in 2 sessions. Here’s whyShares of Century Textiles and Industries have surged over 20% in two sessions after the Aditya Birla Group company informed exchanges about a clutch of investors visiting its flagship real estate project 'Birla Niyaara' on Thursday.
Threads of history: Pompeii's forgotten art of textile dyeing brought back to lifePompeii's ancient past, the art of textile dyeing has been revived, offering a vivid glimpse into life before the catastrophic eruption.
From textiles to plastic, India needs to get ‘high’ on hempA culinary actor, hemp is now finding a place in textiles and other products. But regulatory hurdles make it difficult to even market these goods.
See AlsoHome textile industry5,000-yr-old Indian textiles exhibited at Azerbaijan's iconic carpet museumLocated in the heart of Azerbaijan's capital Baku, the museum was originally set up in 1967 in the Juma Mosque in the Old City district of Baku.
Home textile players are pinning hopes on festive fervour in FY2024Home textile exports had reported a double-digit decline in FY2023 and 4M FY2024 amid high raw material expenses, energy inflation and muted demand. An ICRA report is raising their hopes.
Man-made fibre industry is thriving in India, but why isn’t it ready to challenge China?Despite being a significant player in the textiles and apparel industry, India has been unable to make a sizable mark in a subsegment — man-made fibres.
Weaving profitability in new global order: 4 stocks from textile sector with upside potential of up to 45%There are sectors which under perform for years and then they come back to focus. Thanks to the fact that the textile industry was completely dominated by China and other countries, the Indian textile industry has been in bad shape for decades. However, post covid, partially due to China Plus one narrative. Secondly due to the fact that the government has been focusing on manufacturing, textile stocks have come into focus. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
The recent attack by Hamas on Israel has raised concerns among Indian exporters of home textiles and furnishings. They fear that their orders may be deferred and their profit margins may be affected. While Israel is a small market, exporters have been enjoying higher margins of 10-15% compared to the US due to Israel's preference for cotton textiles over synthetic ones, resulting in limited competition from China.
‘How will we survive’: Why a sector that contributes 2% to India’s GDP is in troubleThe textiles and apparel industry seem to be in the midst of an inventory recession. It is battling a 25-35% fall in domestic sales even as exporters offload unsold stocks in the market.
Should you be a buyer in sugar, textile, even paper stocks? Mayuresh Joshi answers“The next few quarters are relatively tough from the export scene especially as far as textiles is concerned. We are seeing some element of softness being witnessed on the export front but that should normalise in our opinion in the second half as festivities kick in.”
Home textile industry to see 7-9% rise in revenues this fiscal: ReportThe home textile industry is expected to see a 7-9% increase in revenues this fiscal year, following a decline of 15% in the previous year. The sector is benefiting from lower domestic cotton prices and restocking by big-box retailers in major overseas markets. The report by Crisil Ratings predicts that operating profitability will improve due to lower raw material costs, but it will still be below pre-pandemic levels. The industry's stable credit outlook is also attributed to improved operating performance. The US is the biggest market for the industry, accounting for more than half of its exports.
Weaving profitability in new global order; 4 stocks from textile sector with upside potential of up to 35%Different segments of the textile sector came into focus post covid, partially due to China Plus one narrative. Secondly due to the fact that the government has been focusing on manufacturing. would they be able to take the full advantage of the PLI scheme and stay on the path of consistent and above average profitability or it will be just another phase? analysts are more positive than they have been in the past. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
Cotton textile, apparel companies see 8-10% rise in exportsCotton textile and garment exporters in India anticipate an 8-10% increase in outbound shipments in the coming months due to the holiday season in developed markets being expected to bring relief, even as apparel exports continue to decline. Due to inflation and economic slowdowns, many clients have deferred order placements or requested lower prices, causing the apparel export sector to slump. However, cotton textile exports rose by 6% in July, and a representative from the sector believes that the green shoots emerging.
Weaving profitability in new global order; 4 stocks from textile sector with upside potential of up to 45%Will the textile companies which came in focus post covid due to China Plus one be able to take the full advantage of PLI scheme and stay in path of consistent and above average profitability or it will be just another phase, analysts are more positive than they have been in the past. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
Will PLI and China+1 help in weaving profitability? 4 stocks from textile sector with upside scope of up to 30%Textile is one of the oldest industrial sectors in India. However, right from labour issues to smaller Asian countries becoming more competitive in terms of cost of production, different segments of the textile industry have faced more headwinds than tailwinds in their history of existence. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
Chalet Hotels, Ceat among 10 stocks with Golden Crossover pattern. Know what it signifies?Over 340 stocks have shown formation of Golden Crossover, a widely recognised technical indicator, as their 50-day moving average crossed above their 200-day moving average, indicating a shift in momentum from bearish to bullish. ETMarkets has identified ten of the stocks which include Can Fin Homes, Canara Bank, and Ceat.
Stock market update: Nifty IT index falls 0.27%The Nifty IT index closed 0.27 per cent down at 30514.9.
Stock market update: Stocks that hit 52-week highs on NSE in today's tradeMahindra CIE, Zen Tech, Jindal Saw, Nintec Systems Ltd. and Soma Textiles, hit their fresh 52-week highs during the day.
Stock market update: Nifty Bank index falls 0.23%The Nifty Bank index closed 0.23 per cent down at 39909.4.
Stock market update: Nifty Realty index falls 0.54%The Nifty Realty index closed 0.54 per cent down at 380.45.
Stock market update: Nifty Pharma index advances 0.23%The Nifty Pharma index closed 0.23 per cent up at 11996.2.
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