PASUPATI SPINNING WEAVING MILLS LTD Q3 RESULTS
Challenge for policymakers & opportunity for risk takers: 7 stock from textile space with an upside potential of up to 29%
There are sectors which under perform for years and then they come back to focus. If one looks at the last three years, the list of such sectors has been growing at a faster pace as they make a comeback. Be it power, real estate or even to some extent pharmaceutical. But there is one sector which has made a comeback of sorts, however there is much more scope for improvement in it. This improvement would not only be important from the perspective of the stock market but from the real economy and job creation. But the fact is that it is not easy to have sustained turn around because of one simple reason, the operating matrix is not only local but global. Probably it is the biggest challenge for the government to help in sustainable turnaround and biggest opportunity for risk takers because a sustainable turnaround always gives birth to multibagger.
MRF to trade ex-dividend tomorrow, last chance for Rs 194 dividend eligibility
MRF declared a Rs 194 Q4FY24 dividend per share and a total annual dividend of Rs 200 for FY24, with a July 25 record date. Shares closed at Rs 1,31,267.70 on BSE. Prior dividends include Rs 3 interim and Rs 169 final.
‘How will we survive’: Why a sector that contributes 2% to India’s GDP is in trouble
The 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.
How GoMechanic founders floated Morsebiz as car servicing startup unravelled; BPM firms turn to cost-saving deals
As the business collapse looked imminent due to misreporting of financials, cash burn and other reasons, GoMechanic's founders floated a new startup and tried to sell the idea of spinning off its spare parts business to raise capital. But investors were unimpressed. Today we take a deep dive into what brewed just months before the confessions of accounting lapses were made by the GoMechanic founder Amit Bhasin in January.
Can Arvind Ltd benefit from China plus one theme in cotton textile industry?
India, being one of the key T&A hubs, enjoys the advantage of cheap raw material availability and cheap labour. The pandemic has altered the global T&A supply chain, with several apparel brands preferring more than one sourcing destination. Further, the US-China trade war and the subsequent imposition of additional duties on Chinese T&A imports have accelerated the search of US importers for alternative sourcing destinations.
SGX Nifty up 115 points; here's what changed for market while you were sleeping
Most of the Asian shares markets opened higher on Monday in cautious trade with investors eyeing corporate earnings due this week, amidst the rising threat of coronavirus. MSCI's broadest index of Asia-Pacific shares outside Japan was down by 0.02 per cent.
- Go To Page 1
SGX Nifty up 45 points; here's what changed for market while you were sleeping
Asian shares markets were trading mostly higher on Tuesday in cautious trade ahead of the results of the US Federal Reserve's latest meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was up by 0.13 per cent.
Ahead of Market: 12 things that will decide stock action on Tuesday
Mazhar Mohammad of Chartviewindia.in said the market appears to be in a rangebound move as Nifty keeps faltering at the 15,900 level.
Seasoned multibagger hunters all turn to one sector to find next gem
Going by buy-sale trends of the June quarter, it looks like many of them have been hunting for gems in the textile sector. The sector has suffered quite a bit due to the pandemic, with sales down in the dumps, but the recovery has been impressive.
GHCL Q3 results: Profit rises 21% to Rs 118 cr
The company's total income stood at Rs 820.77 crore in the October-December period of 2020-21 financial year from Rs 849.08 crore in the corresponding period of the previous year, GHCL said in a regulatory filing.
Indian cotton fabric, yarn exports fall due to high duties: Study
Indian export of cotton yarn to the the EU and China slumped 25% in last five years
First profit in 10 quarters; are these smallcaps worth a look?
Asset quality remained subdued with gross NPA climbing to 18.64 per cent this September.
Welspun India Q1 Net up 75 pc to Rs 89.9 crore
Welspun India, part of the USD 3.5 billion Welspun Group, today reported a 75 per cent jump in net profit at Rs 89.9 crore for the first quarter ended June 30, 2013.
Welspun India posts net profit of Rs 53.82 crore in Q4 FY 13
The net profit on consolidate basis zoomed to Rs 224.82 crore in FY13 as against net loss of Rs 13.37 crore in FY12, a company statement said.
Banks on sticky wicket as textile sector loans on verge of turning bad
Yarn, fabric and clothing companies are in a sweet spot. They owe banks so much that now it is their lenders' job to ensure they survive.
NTC total income quadruples to Rs 2,741 cr in FY11
State-owned National Textiles Corporation reoported nearly four-fold increase in its total income in FY'11 to Rs 2,741 crore, most of which came from sales of mill lands in Mumbai and Ahmedabad.
Budget 2011: Finance Bill 2011
A BILL to give effect to the financial proposals of the Central Government for the financial year 2011-2012. Be it enacted by Parliament in the Sixty-second Year of the Republic of India as follows:-
Cotton spinning companies to see good times
With cotton crop failing in Pakistan and lower growth in US, international cotton prices are likely to be dominated by India.
Stocks to watch: RCom, RIL, Max India, Hotel Leelaventure
The market mood is likely to remain jittery ahead of the crucial trust vote in parliament which will determine whether the government will stay in power or not.
Load More
