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Buy Raymond Ltd For Target Rs.2600 - Motilal Oswal Financial Services Rejuvenating the Brand Rebranding a legacy with financial discipline! | Initiate coverage with a BUY Raymond is an established apparel brand in India that resonates with consumers seeking premium apparel wear. However, despite its rich heritage, the brand’s market penetration has remained significantly underexplored. Over the last two to three years, the company has revitalized its standing through strategic initiatives such as: a) strengthening the senior leadership team across vari...
Buy Raymond Ltd For Target Rs.2600 - Motilal Oswal Financial Services
Buy Raymond Ltd For Target Rs.2600 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
5/09/2023 2:56:39 PM
Buy Gokaldas Exports Ltd For Target Rs. 855 - ICICI Securities Ltd ATRACO acquisition likely to boost revenues Gokaldas Exports (GEXP) has signed a definitive agreement with the shareholders of UAE-based apparel maker, ATRACO, to acquire 100% of the latter’s equity for a total consideration of up to USD 55mn funded through debt (73%) and internal accruals (27%). ATRACO exports 95% of its production to the US (primary market for GEXP) and has nearly mutually exclusive customer base with GEXP. Hence, we believe this deal provides GEXP an opportunity t...
Buy Gokaldas Exports Ltd For Target Rs. 855 - ICICI Securities Ltd
Buy Gokaldas Exports Ltd For Target Rs. 855 - ICICI Securities Ltd
Source: ICICI Securities Ltd
2/09/2023 12:43:47 PM
Buy Nitin Spinners Ltd For Target Rs.360 - ICICI Direct Capacity enhancement to support long-term growth story! About the stock: Nitin Spinners (NSL) has graduated from a small pure spinning company to a company with a sizeable presence in India’s yarn market (3 lakh+ spindles). Forward integration into knitted and finished woven fabrics (~ 27% of revenues) in its product portfolio, which yields more superior margins than spinning has fortified its presence across the textile value chain. • NSL invested in capacity building over t...
Buy Nitin Spinners Ltd For Target Rs.360 - ICICI Direct
Buy Nitin Spinners Ltd For Target Rs.360 - ICICI Direct
Source: ICICI Direct
1/09/2023 1:05:53 PM
Shiva Texyarn zooms on bagging order worth Rs 5.44 crore Shiva Texyarn is currently trading at Rs. 154.55, up by 7.55 points or 5.14% from its previous closing of Rs. 147.00 on the BSE. The scrip opened at Rs. 149.00 and has touched a high and low of Rs. 158.60 and Rs. 149.00 respectively. So far 4297 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 175.50 on 05-Sep-2022 and a 52 week low of Rs. 107.35 on 17-Mar-2023. Last one week high and low of the scrip stood at R...
Shiva Texyarn zooms on bagging order worth Rs 5.44 crore
Shiva Texyarn zooms on bagging order worth Rs 5.44 crore
Source: Accord Fintech
1/09/2023 11:07:02 AM
Home textile industry to see 7-9% rise in revenues in FY24: Crisil Ratings Crisil Ratings in its latest report has said home textile industry's revenues are expected to rise 7-9 per cent this fiscal (FY24) as the sector regains global share following a correction in domestic cotton prices and restocking by big-box retailers in major overseas markets. It said in the last financial year, their revenues had declined 15 per cent. According to report, operating profitability of the industry will improve 150-200 basis points to 14-14.5 per cent this fiscal, due to ...
Home textile industry to see 7-9% rise in revenues in FY24: Crisil Ratings
Home textile industry to see 7-9% rise in revenues in FY24: Crisil Ratings
Source: Accord Fintech
31/08/2023 10:54:05 AM
NIBE touches roof on inking pact to acquire 51% stake in Karmayogi Manufacturing NIBE is currently trading at its upper circuit limit of Rs. 510.00, up by 10.00 points or 2.00% from its previous closing of Rs. 500.00 on the BSE. The scrip opened at Rs. 510.00 and has touched a high and low of Rs. 510.00 and Rs. 505.15 respectively. So far 10357 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 564.90 on 25-Jan-2023 and a 52 week low of Rs. 275.00 on 16-Dec-2022. Last one week high and low of...
NIBE touches roof on inking pact to acquire 51% stake in Karmayogi Manufacturing
NIBE touches roof on inking pact to acquire 51% stake in Karmayogi Manufacturing
Source: Accord Fintech
30/08/2023 4:16:04 PM
Buy Indo Count Industries Ltd For Target Rs.295 - ICICI Direct Poised for a healthy volume recovery in FY24E… About the stock: Indo Count (ICIL) is India’s largest home textile manufacturer and exporters with an extensive product range, which spans across bed sheets, quilts and bed linen. It has a presence in top nine out of 10 top big box retailers in the US * Indo Count is an integrated bedding solution provider, boasting capacity of 153 million metre per annum of dyeing/processing and cutting /sewing. ICIL exports to nearly 54 count...
Buy Indo Count Industries Ltd For Target Rs.295 - ICICI Direct
Buy Indo Count Industries Ltd For Target Rs.295 - ICICI Direct
Source: ICICI Direct
29/08/2023 3:09:11 PM
Gokaldas Exports touches roof on inking pact to acquire Atraco Group Gokaldas Exports is locked its upper circuit limit at Rs. 736.30, up by 122.70 points or 20.00% from its previous closing of Rs. 613.60 on the BSE. The scrip opened at Rs. 652.00 and has touched a high and low of Rs. 736.30 and Rs. 647.55 respectively. So far 290386 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 736.30 on 29-Aug-2023 and a 52 week low of Rs. 325.70 on 19-Sep-2022. Last one week high and low of ...
Gokaldas Exports touches roof on inking pact to acquire Atraco Group
Gokaldas Exports touches roof on inking pact to acquire Atraco Group
Source: Accord Fintech
29/08/2023 10:43:56 AM
Rajapalayam Mills moves up on acquiring additional stake in M/s Clean Max Opus Rajapalayam Mills is currently trading at Rs. 729.00, up by 8.10 points or 1.12% from its previous closing of Rs. 720.90 on the BSE. The scrip opened at Rs. 730.00 and has touched a high and low of Rs. 730.00 and Rs. 720.00 respectively. So far 523 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 917.97 on 15-Sep-2022 and a 52 week low of Rs. 551.00 on 29-Mar 2023. Last one week high and low of the scrip stood a...
Rajapalayam Mills moves up on acquiring additional stake in M/s Clean Max Opus
Rajapalayam Mills moves up on acquiring additional stake in M/s Clean Max Opus
Source: Accord Fintech
28/08/2023 11:36:47 AM
T T trades higher on inking MOU with Uttar Pradesh Government T.T. is currently trading at Rs. 87.64, up by 3.52 points or 4.18% from its previous closing of Rs. 84.12 on the BSE. The scrip opened at Rs. 85.20 and has touched a high and low of Rs. 88.00 and Rs. 85.20 respectively.  The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 109.90 on 03-Nov-2022 and a 52 week low of Rs. 64.75 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs. 88.00 and Rs. 82.30 respectively. The current market ...
T T trades higher on inking MOU with Uttar Pradesh Government
T T trades higher on inking MOU with Uttar Pradesh Government
Source: Accord Fintech
25/08/2023 12:41:09 PM
Buy Kirloskar Oil Engines Ltd For Target Rs.580 - JM Financial Institutional Securities Ltd Kirloskar Oil Engines’ (KOEL) 1QFY24 numbers came in line with our estimates. Standalone net sales stood at INR12.7bn, up 33% YoY, EBITDA came in at INR1.5bn; up 48% YoY and EBITDA margin stood at 12% (JMFe: 11.4%, +70bps YoY). B2B segment sales saw a healthy growth of 35% YoY though B2C recorded single digit growth 4% YoY. Management expects near term moderation in demand given pre-buying during the quarter though sales of CPCB 4+ gensets should start picking up from 4QFY24. Key growth...
Buy Kirloskar Oil Engines Ltd For Target Rs.580 - JM Financial Institutional Securities Ltd
Buy Kirloskar Oil Engines Ltd For Target Rs.580 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
24/08/2023 2:57:21 PM
Buy Indo Count Industries Ltd For Target Rs.295 - ICICI Direct Poised for a healthy volume recovery in FY24E… About the stock: Indo Count (ICIL) is India’s largest home textile manufacturer and exporters with an extensive product range, which spans across bed sheets, quilts and bed linen. It has a presence in top nine out of 10 top big box retailers in the US • Indo Count is an integrated bedding solution provider, boasting capacity of 153 million metre per annum of dyeing/processing and cutting /sewing. ICIL exports to nearly 54 ...
Buy Indo Count Industries Ltd For Target Rs.295 - ICICI Direct
Buy Indo Count Industries Ltd For Target Rs.295 - ICICI Direct
Source: ICICI Direct
21/08/2023 12:09:17 PM
Neutral Page Industries Ltd For Target Rs.39,080 -Motilal Oswal Financial Services Demand subdued; outlook remains uncertain * PAG posted a muted 1QFY24 performance due to a slowdown across all categories, resulting in a 23.5% YoY drop in Adj. PAT. There was a strong improvement in QoQ basis. Volume declined 11.5% YoY but grew 31% QoQ. * GP margin contracted 160bp YoY and 370bp QoQ. EBITDA margin also dropped 270bp YoY but improved QoQ due to low product costs and better overhead absorption. The management expects to maintain EBITDA margins within the 19-21% range. ...
Neutral Page Industries Ltd For Target Rs.39,080 -Motilal Oswal Financial Services
Neutral Page Industries Ltd For Target Rs.39,080 -Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
19/08/2023 10:08:44 AM
Buy Gokaldas Exports Ltd For Target Rs. 600 - JM Financial Services Industry tailwinds to aid long term earnings trajectory Gokaldas Exports (GEXP) delivered an adj. PAT of INR326mn, broadly in line with JMfe. The company delivered robust EBITDA margins of 11.7% during 1Q as increase in minimum wage and DA in Karnataka was offset by superior productivity. GEXP remains hopeful of market conditions improving from 2HFY24, in time for summer/spring’24 collection. Near term demand is expected to remain muted as global retailers are consciously liquidating...
Buy Gokaldas Exports Ltd For Target Rs. 600 - JM Financial Services
Buy Gokaldas Exports Ltd For Target Rs. 600 - JM Financial Services
Source: JM Financial Institutional Securities
16/08/2023 2:14:53 PM
Buy Gokaldas Exports Ltd For Target Rs. 595 - ICICI Securities Steady quarter... Gokaldas Exports’ (GEXP) Q1FY24 consolidated EBITDA at INR 602mn, down 17% YoY, was slightly below our expectations. Revenue at ~Rs5bn was down 16% / 2% YoY / QoQ owing to continued demand softness and inventory liquidation in the company’s end-market (US). Management maintains its guidance of demand revival in the US H2FY24 onwards as, by then, retailers will place fresh orders for spring / summer of CY24. Despite dull revenue growth, GEXP has maintained its ...
Buy Gokaldas Exports Ltd For Target Rs. 595 - ICICI Securities
Buy Gokaldas Exports Ltd For Target Rs. 595 - ICICI Securities
Source: ICICI Securities
15/08/2023 12:24:45 PM
Gujarat Craft Industries jumps on planning to start new unit at North Gujarat Gujarat Craft Industries is currently trading at Rs. 80.70, up by 2.11 points or 2.68% from its previous closing of Rs. 78.59 on the BSE. The scrip opened at Rs. 78.59 and has touched a high and low of Rs. 88.00 and Rs. 78.50 respectively. So far 3413 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.40 on 15-Sep-2022 and a 52 week low of Rs. 68.00 on 19-Jun-2023. Last one week high and low of the scrip stood...
Gujarat Craft Industries jumps on planning to start new unit at North Gujarat
Gujarat Craft Industries jumps on planning to start new unit at North Gujarat
Source: Accord Fintech
14/08/2023 12:03:38 PM
India`s Raymond Q1 profit jumps on one-off gain from consumer business sale Indian textiles maker Raymond reported on Friday a multifold jump in first-quarter profit, helped by an exceptional gain from the sale of its consumer business. Raymond's consolidated profit was 10.65 billion rupees ($128.7 million) for the three months ended June 30, compared with 809 million rupees a year earlier. In April, Raymond agreed to sell its consumer business Raymond Consumer Care including brands such as Park Avenue deodorant and Kamasutra condoms to Godrej Consumer Prod...
India`s Raymond Q1 profit jumps on one-off gain from consumer business sale
India`s Raymond Q1 profit jumps on one-off gain from consumer business sale
Source: Reuters
11/08/2023 2:50:03 PM
Buy Trident Ltd For Target Rs. 37 - JM Financial Institutional Securities Trident reported consol. EBITDA of INR2.3bn, lower than JMfe of 2.8bn. Revenue from home–textile segment declined sequentially by 4.4% while paper and chemicals segment declined 23.2 QoQ. Textile segment reported EBIT margins of 6.5% during the quarter vs 5.9% during 4QFY23 mainly on account of lower raw material cost while margins for the paper and chemicals segment declined significantly QoQ to 29% (34% in 4QFY23). Consolidated EBITDA margins came in lower QoQ at 15.5% vs 4QFY23 margi...
Buy Trident Ltd For Target Rs. 37 - JM Financial Institutional Securities
Buy Trident Ltd For Target Rs. 37 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
11/08/2023 2:38:21 PM
Niti Aayog looking at tax-related issues of engineering, leather and textiles sector Government think-tank Niti Aayog is looking at tax-related issues, including inverted duty structure in three sectors of engineering, leather, and textiles. The issues are likely to be taken up with higher authorities for their resolution to promote the growth of these sectors. Industry representatives of leather and engineering sectors said that they have shared a list of GST (Goods and Services Tax) and inverted duty structure-related issues with the Niti Aayog. The leather sector has re...
Niti Aayog looking at tax-related issues of engineering, leather and textiles sector
Niti Aayog looking at tax-related issues of engineering, leather and textiles sector
Source: Accord Fintech
8/08/2023 12:50:21 PM
Buy Trident Ltd For Target Rs.37 - JM Financial Institutional Securities Textile margins improve; ambitious capex to drive future performance Trident reported consol. EBITDA of INR2.3bn, lower than JMfe of 2.8bn. Revenue from home–textile segment declined sequentially by 4.4% while paper and chemicals segment declined 23.2 QoQ. Textile segment reported EBIT margins of 6.5% during the quarter vs 5.9% during 4QFY23 mainly on account of lower raw material cost while margins for the paper and chemicals segment declined significantly QoQ to 29% (34% in 4QFY23)...
Buy Trident Ltd For Target Rs.37 - JM Financial Institutional Securities
Buy Trident Ltd For Target Rs.37 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
7/08/2023 3:04:04 PM
Buy Welspun India Ltd For Target Rs.130 - Sushil Finance Ltd Highlights from the Quarter (Q1 FY24) : During Q1 FY24, the top line went up by 11.6% yoy to Rs.2,184.1 cr; on a sequential basis, the top line was up 1.4%, despite the cyclone towards the end of the quarter. Home textiles (90% of the sales) reported a growth of 10% yoy in revenue to Rs.2,037.6 cr, while flooring revenue reported revenue of Rs.225.1 cr, a growth of 33% yoy. The company has increased its stores in India to ~13,200 in the current quarter and aims to increase it to 50,000 sto...
Buy Welspun India Ltd For Target Rs.130 - Sushil Finance Ltd
Buy Welspun India Ltd For Target Rs.130 - Sushil Finance Ltd
Source: Sushil Finance Ltd
2/08/2023 3:02:10 PM
Go Fashion zooms on reporting 8% rise in Q1 net profit Go Fashion (India) is currently trading at Rs. 1245.25, up by 61.80 points or 5.22% from its previous closing of Rs. 1183.45 on the BSE. The scrip opened at Rs. 1198.00 and has touched a high and low of Rs. 1318.10 and Rs. 1197.35 respectively. So far 10606 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1450.00 on 01-Nov-2022 and a 52 week low of Rs. 876.15 on 27-Feb-2023. Last one week high and low of the scr...
Go Fashion zooms on reporting 8% rise in Q1 net profit
Go Fashion zooms on reporting 8% rise in Q1 net profit
Source: Accord Fintech
1/08/2023 11:34:24 AM
India all set to become energy independent by 2047: Finance Minister Stressing need to focus on green growth and reduction in carbon intensity, Union Minister of Finance and Corporate Affairs Nirmala Sitharaman has said that India is all set to become energy independent by 2047 and achieving net zero by 2070.  Sitharaman further said that the Indian chemical and petrochemicals sector has huge potential and it also impacts other sectors of the economy. The importance of the sector can be gauged from the fact that it deals with more than 80,000 chemicals...
India all set to become energy independent by 2047: Finance Minister
India all set to become energy independent by 2047: Finance Minister
Source: Accord Fintech
28/07/2023 1:01:19 PM
Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Finance Minister Nirmala Sitharaman  The central government has said that it will look at bringing a productivity linked incentive (PLI) scheme for the chemicals and petrochemicals sector. Addressing an industry body event organised by FICCI, Finance Minister Nirmala Sitharaman on Thursday said that the government will consider a PLI scheme for the petrochemical and chemical sectors as India aims to become energy independent and achieve net-zero carbon emission by 2070. As of now, the government has rolled out 14 PLI...
Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Finance Minister Nirmala Sitharaman
Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Finance Minister Nirmala Sitharaman
Source: IANS
27/07/2023 3:48:58 PM
India`s technical textile market likely to double in next five years: Rachna Shah Ministry of Textiles Secretary Rachna Shah has said that India’s technical textile market is expected to double in the next five years, adding that the technical textile segment in India has in recent years shown robust growth, both internationally and in the domestic market. She said the market size is around $22 billion within India and the goal of the government is to take it to $40-50 billion over the next 5 years. Shah also noted that the global technical textiles market is arou...
India`s technical textile market likely to double in next five years: Rachna Shah
India`s technical textile market likely to double in next five years: Rachna Shah
Source: Accord Fintech
27/07/2023 1:43:37 PM
Trident gains on receiving patent for `Process of manufacturing fabric with homogeneous pores` Trident is currently trading at Rs. 33.09, up by 0.29 points or 0.88% from its previous closing of Rs. 32.80 on the BSE. The scrip opened at Rs. 32.70 and has touched a high and low of Rs. 34.00 and Rs. 32.62 respectively. So far 1806791 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 43.75 on 21-Jul-2022 and a 52 week low of Rs. 25.10 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs. 34.00 an...
Trident gains on receiving patent for `Process of manufacturing fabric with homogeneous pores`
Trident gains on receiving patent for `Process of manufacturing fabric with homogeneous pores`
Source: Accord Fintech
21/07/2023 2:47:16 PM
RDB Rasayans trades jubilantly on proposing expansion project of Flexible Intermediate Bulk Container at Odisha RDB Rasayans is currently trading at Rs. 114.25, up by 9.35 points or 8.91% from its previous closing of Rs. 104.90 on the BSE. The scrip opened at Rs. 106.90 and has touched a high and low of Rs. 118.70 and Rs. 106.00 respectively. So far 66700 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.35 on 06-Sep-2022 and a 52 week low of Rs. 67.60 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs...
RDB Rasayans trades jubilantly on proposing expansion project of Flexible Intermediate Bulk Container at Odisha
RDB Rasayans trades jubilantly on proposing expansion project of Flexible Intermediate Bulk Container at Odisha
Source: Accord Fintech
19/07/2023 3:44:14 PM
7NR Retail rises on acquiring 8.62% stake in Magenta Lifecare 7NR Retail is currently trading at Rs. 0.67, up by 0.01 points or 1.52% from its previous closing of Rs. 0.66 on the BSE. The scrip opened at Rs. 0.66 and has touched a high and low of Rs. 0.67 and Rs. 0.66 respectively. So far 143105 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 1.86 on 20-Sep-2022 and a 52 week low of Rs. 0.57 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. 0.72 and Rs. ...
7NR Retail rises on acquiring 8.62% stake in Magenta Lifecare
7NR Retail rises on acquiring 8.62% stake in Magenta Lifecare
Source: Accord Fintech
18/07/2023 10:35:28 AM
Century Textiles & Industries moves up as its arm to acquire land parcel in Thane Century Textiles & Industries is currently trading at Rs. 896.30, up by 8.60 points or 0.97% from its previous closing of Rs. 887.70 on the BSE. The scrip opened at Rs. 895.05 and has touched a high and low of Rs. 902.55 and Rs. 893.40 respectively. So far 3894 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 950.80 on 07-Jul-2023 and a 52 week low of Rs. 588.80 on 27-Feb-2023. Last one week high and low of ...
Century Textiles & Industries moves up as its arm to acquire land parcel in Thane
Century Textiles & Industries moves up as its arm to acquire land parcel in Thane
Source: Accord Fintech
13/07/2023 11:52:19 AM
Raymond gains as its arm subscribes partnership interest in `New Mumbai Realty LLP` Raymond is currently trading at Rs. 1829.65, up by 11.70 points or 0.64 % from its previous closing of Rs. 1817.95 on the BSE. The scrip opened at Rs. 1821.00 and has touched a high and low of Rs. 1835.00 and Rs. 1813.65 respectively. So far 7746 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1852.25 on 10-Jul-2023 and a 52 week low of Rs. 917.40 on 27-Jul-2022. Last one week high and low of the scrip stood at...
Raymond gains as its arm subscribes partnership interest in `New Mumbai Realty LLP`
Raymond gains as its arm subscribes partnership interest in `New Mumbai Realty LLP`
Source: Accord Fintech
13/07/2023 10:51:36 AM
Textile Sector Update : Incremental demand / cotton price to drive earnings; FTAs / China +1 to drive re-rating By JM Financial Indian textile sector has witnessed an increase in exports market share to the tune of ~400bps YTD across cotton sheets and terry towels. Reduced inventory on shelves of global retailers and likely mean reversal of inventory to sales ratio over time is expected to lead to a stronger 2HFY24 demand outlook. Reduced cotton prices (down over 40% in 12M) coupled with improving scale in 2H could lead to a material margin boost. With UK FTA (US$1bn additional opportunity for India) in the horizon an...
Textile Sector Update : Incremental demand / cotton price to drive earnings; FTAs / China +1 to drive re-rating By JM Financial
Textile Sector Update : Incremental demand / cotton price to drive earnings; FTAs / China +1 to drive re-rating By JM Financial
Source: JM Financial Institutional Securities
2/07/2023 10:48:57 AM
Buy Go Fashion (India) For Target Rs.1,340 - JM Financial Institutional Securities Ltd The women’s bottom-wear category is extremely attractive for branded players considering the core essential nature of the product and increasing consumer preference for quality and wider product offerings – this has led to high pace of formalisation (branded market growing at 2x industry) and higher growth in the category vs. the overall women’s apparel market. The benefit of category resilience is also visible in Go Fashion’s sales outperformance (24% sales CAGR with ...
Buy Go Fashion (India) For Target Rs.1,340 - JM Financial Institutional Securities Ltd
Buy Go Fashion (India) For Target Rs.1,340 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Limited
30/06/2023 1:06:31 PM
Pearl Global Industries shines on acquiring 55% stake in Pearl GT Holdco Pearl Global Industries is currently trading at Rs. 557.00, up by 13.00 points or 2.39% from its previous closing of Rs. 544.00 on the BSE. The scrip opened at Rs. 544.15 and has touched a high and low of Rs. 561.10 and Rs. 544.15 respectively. So far 70 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 615.05 on 30-Aug-2022 and a 52 week low of Rs. 334.35 on 03-Feb-2023. Last one week high and low of the scrip s...
Pearl Global Industries shines on acquiring 55% stake in Pearl GT Holdco
Pearl Global Industries shines on acquiring 55% stake in Pearl GT Holdco
Source: Accord Fintech
28/06/2023 9:59:09 AM
Prime Minister Naredra Modi to lay foundation of textile park project in Lucknow  Prime Minister Narendra Modi is expected to lay the foundation stone of the upcoming PM Mitra mega textile and apparel park in the state. Rakesh Sachan, minister for medium, small and micro enterprises, said, “The park promises to accelerate the state’s effort to become $1 trillion economy. The foundation of the same project would be laid by the Prime Minister. Three multi malls are also proposed for Uttar Pradesh, namely Varanasi, Lucknow and Gorakhpur. “We a...
Prime Minister Naredra Modi to lay foundation of textile park project in Lucknow
Prime Minister Naredra Modi to lay foundation of textile park project in Lucknow
Source: IANS
27/06/2023 3:13:53 PM
India actively considering CEPAs, FTAs to boost textile exports: Piyush Goyal Union Minister Piyush Goyal has said India is actively considering the possibility of Comprehensive Economic Partnership Agreements (CEPAs) and Free Trade Agreements (FTAs) with various countries. These agreements aim to enhance the market size and facilitate exporters in the thriving Indian textile sector. Further, the Minister highlighted that the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park is being established across 7 states to promote India's textile sec...
India actively considering CEPAs, FTAs to boost textile exports: Piyush Goyal
India actively considering CEPAs, FTAs to boost textile exports: Piyush Goyal
Source: Accord Fintech
27/06/2023 10:36:10 AM
Thomas Scott surges on starting trial run production of garments Thomas Scott (India) is currently trading at Rs. 66.00, up by 2.40 points or 3.77% from its previous closing of Rs. 63.60 on the BSE. The scrip opened at Rs. 66.78 and has touched a high and low of Rs. 66.78 and Rs. 63.00 respectively. So far 5159 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.89 on 23-Jun-2023 and a 52 week low of Rs. 33.65 on 29-Mar-2023. Last one week high and low of the scrip stood at R...
Thomas Scott surges on starting trial run production of garments
Thomas Scott surges on starting trial run production of garments
Source: Accord Fintech
26/06/2023 2:47:36 PM
Buy Gokaldas Exports Ltd For Target Rs. 580 -JM Financial Institutional Securities Gokaldas Exports (GEXP) delivered an adj. PAT of INR472mn, significantly above JMfe of INR368mn. The beat was largely on account of lower tax expense. The company delivered EBITDA margins of 13.4% during 4Q on account of superior cost management and operational excellence. GEXP remains hopeful of market conditions improving from 2HFY24, in time for summer/spring’24 collection. Near term demand is expected to remain muted as global retailers continue to remain cautious amidst demand unce...
Buy Gokaldas Exports Ltd For Target Rs. 580 -JM Financial Institutional Securities
Buy Gokaldas Exports Ltd For Target Rs. 580 -JM Financial Institutional Securities
Source: JM Financial Institutional Securities
22/06/2023 2:30:43 PM
Piyush Goyal urges textiles industry to collaborate and partner for R&D, innovation Union Minister Piyush Goyal has urged textiles industry to collaborate and partner for research and development (R&D) and innovation to jointly achieve greater strides in the textiles sector. He commended the industry for their enthusiasm to set up and expand businesses in the upcoming Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Parks. The minister further encouraged the industry to take benefit from the existing attractive schemes of the Ministry of Textiles, ...
Piyush Goyal urges textiles industry to collaborate and partner for R&D, innovation
Piyush Goyal urges textiles industry to collaborate and partner for R&D, innovation
Source: Accord Fintech
22/06/2023 11:40:31 AM
Sky Industries rises on getting nod to incorporation of wholly owned subsidiary Sky Industries is currently trading at Rs. 67.00, up by 0.48 points or 0.72% from its previous closing of Rs. 66.52 on the BSE. The scrip opened at Rs. 66.80 and has touched a high and low of Rs. 68.40 and Rs. 63.80 respectively. So far 2205 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 121.00 on 12-Sep-2022 and a 52 week low of Rs. 57.00 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. 68...
Sky Industries rises on getting nod to incorporation of wholly owned subsidiary
Sky Industries rises on getting nod to incorporation of wholly owned subsidiary
Source: Accord Fintech
19/06/2023 11:27:33 AM
Trident gains as its arm incorporates wholly owned subsidiary in Netherlands Trident is currently trading at Rs. 33.78, up by 0.24 points or 0.72% from its previous closing of Rs. 33.54 on the BSE. The scrip opened at Rs. 33.71 and has touched a high and low of Rs. 33.90 and Rs. 33.60 respectively. So far 299336 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 43.75 on 21-Jul-2022 and a 52 week low of Rs. 25.10 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs. 33.90 and...
Trident gains as its arm incorporates wholly owned subsidiary in Netherlands
Trident gains as its arm incorporates wholly owned subsidiary in Netherlands
Source: Accord Fintech
19/06/2023 10:37:25 AM
Hold Page Industries Ltd For Target Rs39,500 - ICICI Securities More challenges (vs. opportunity) in women’s innerwear segment In this report, we present our primary research on 208 brands in both men and women innerwear segment, effectively, analysing 26k SKUs. Observations: (1) competition in women innerwear segment is 1.6x higher (148 brands) than men (90 brands), primarily led by MNC retailers (M&S, H&M etc) and other D2C brands (Amante, Clovia, Zivame etc), (2) Jockey is the only top brand that competes in both men and women innerwear s...
Hold Page Industries Ltd For Target Rs39,500 - ICICI Securities
Hold Page Industries Ltd For Target Rs39,500 - ICICI Securities
Source: ICICI Securities
7/06/2023 4:04:03 PM
PM Mitra mega textile park to come up in Lucknow  The Yogi Adityanath government will set up a PM Mitra Mega Textile Park on 1,000 acres in Malihabad tehsil in Lucknow. The project will bring investment of Rs 10,000 crore and employment to around one lakh youth. According to the state government spokesman, the project will come up in Attari village, in Malihabad tehsil, on the outskirts of the state capital. Attari village has been selected keeping in view the connectivity of park with the rest of the city. The park will have ...
PM Mitra mega textile park to come up in Lucknow
PM Mitra mega textile park to come up in Lucknow
Source: IANS
7/06/2023 10:05:28 AM
Century Textiles & Industries gains on raising Rs 400 crore through NCDs Century Textiles & Industries is currently trading at Rs. 799.95, up by 2.00 points or 0.25% from its previous closing of Rs. 797.95 on the BSE. The scrip opened at Rs. 797.95 and has touched a high and low of Rs. 804.10 and Rs. 794.00 respectively. So far 5052 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 943.75 on 14-Sep-2022 and a 52 week low of Rs. 588.80 on 27-Feb-2023. Last one week high and low of ...
Century Textiles & Industries gains on raising Rs 400 crore through NCDs
Century Textiles & Industries gains on raising Rs 400 crore through NCDs
Source: Accord Fintech
1/06/2023 3:40:23 PM
Buy Greaves Cotton Ltd For Target Rs.215 - ICICI Direct E-mobility business continues growth momentum   About the stock: Greaves Cotton (GCL) is a leading diversified engineering company with a presence in automotive, non-automotive, aftermarket, retail, electric mobility solution and finance. * Greaves Engineering business contributes to ~38% while Greaves Retail contributes to ~20% in FY23 * E-mobility is expected to drive future growth (~42% of FY23 revenue)   Q4FY23 Results: GCL reported a strong set of Q4FY23 numbe...
Buy Greaves Cotton Ltd For Target Rs.215 - ICICI Direct
Buy Greaves Cotton Ltd For Target Rs.215 - ICICI Direct
Source: ICICI Direct
1/06/2023 1:19:03 PM
Lux Industries jumps despite reporting 59% fall in Q4 consolidated net profit Lux Industries has reported results for fourth quarter (Q4) and year ended March 31, 2023. Lux Industries is currently trading at Rs. 1479.05, up by 27.90 points or 1.92% from its previous closing of Rs. 1451.15 on the BSE. The scrip opened at Rs. 1447.85 and has touched a high and low of Rs. 1499.35 and Rs. 1447.85 respectively. So far 2738 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 2100.05 on 31-May-2022 ...
Lux Industries jumps despite reporting 59% fall in Q4 consolidated net profit
Lux Industries jumps despite reporting 59% fall in Q4 consolidated net profit
Source: Accord Fintech
31/05/2023 2:43:26 PM
Building India to build in India  It is sometimes said that if you want to be great, seek out others' problems. Another rendition you might have heard is 'someone else's problem is your opportunity.' Before Covid-19 blew in to dominate our lives, a large part of the world, particularly the West, was (and to an extent still is) dependent on China for manufacturing. With extreme disruptions to global supply chains, heavy reliance on one country for basic medical equipment, pharmaceuticals, and raw mater...
Building India to build in India
Building India to build in India
Source: IANS
26/05/2023 2:01:15 PM
Trident Q4 net profit down 32.93% at Rs 116.40 cr The company reported standalone net profit of Rs 116.40 crore for the quarter ended March 31, 2023 as compared to Rs 173.55 crore in the same period last year, registering a year-on-year decline of 32.93 per cent. Net revenue of the company declined moderately by 15.39 per cent at Rs 1,562.83 crore in January-March quarter of this fiscal as against Rs 1,847.14 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 13.48 per cent to Rs 1,314.68...
Trident Q4 net profit down 32.93% at Rs 116.40 cr
Trident Q4 net profit down 32.93% at Rs 116.40 cr
Source: Dion Global Services Ltd
25/05/2023 12:23:09 PM
NIBE gains on receiving purchase order from Dymac Global NIBE is currently trading at Rs. 384.00, up by 1.80 points or 0.47% from its previous closing of Rs. 382.20 on the BSE. The scrip opened at Rs. 396.00 and has touched a high and low of Rs. 396.00 and Rs. 384.00 respectively. So far 828 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 564.90 on 25-Jan-2023 and a 52 week low of Rs. 46.45 on 30-May-2022. Last one week high and low of the scrip stood at Rs. 405.00 a...
NIBE gains on receiving purchase order from Dymac Global
NIBE gains on receiving purchase order from Dymac Global
Source: Accord Fintech
23/05/2023 10:17:11 AM