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 d
Shares of KPR Mill have corrected nearly 9% from their recent high, providing a good opportunity for investors to enter the textile market, says brokerage firm Sharekhan.
The company withstood an unfavorable cotton-yarn cycle more efficiently across the value chain compared to its peers as vertical integration helped maintain a stronghold over quality.
Nuvama initiated coverage on Royal Orchid Hotels citing its favorable demand-supply of rooms led by 7.8 per cent CAGR in travel and tourism over FY22–32E against a supply of 4.6 per cent.