Textiles industry to be stable in FY22, expected to touch pre-Covid level: ICRA
The recovery in the domestic textile sector, that picked up pace in Q3 FY2021, is likely to continue in the upcoming quarters, said ICRA. January 14, 2021 / 08:14 AM IST
Trident | In 2021 so far, the stock gained 49 percent to Rs 14.74 as of January 11 from Rs 9.98 as of December 31, 2021.
Rating agency ICRA on Wednesday said the textile industry s performance will recover to pre-Covid levels in the next fiscal on account of boost in demands from domestic as well as export markets.
The agency assigned outlook for the sector as stable for FY2022.
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