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Textile stocks surge as Ministry signs pacts with leading textile players

29 Jan 2019 Evaluate

Textile stocks surged as The Union textile ministry on signed agreements with leading clothing/textile under which these companies will procure more from the weavers directly.

Raymond is currently trading at Rs. 761.00, up by 14.35 points or 1.92% from its previous closing of Rs. 746.65 on the BSE. The scrip opened at Rs. 743.00 and has touched a high and low of Rs. 762.65 and Rs. 739.00 respectively. So far 24000 shares were traded on the counter.

Titan Company is currently trading at Rs. 963.25, up by 5.30 points or 0.55% from its previous closing of Rs. 957.95 on the BSE. The scrip opened at Rs. 957.95 and has touched a high and low of Rs. 967.00 and Rs. 945.00 respectively. So far 35304 shares were traded on the counter.

Bombay Dyeing & Manufacturing Company is currently trading at Rs. 107.90, up by 1.45 points or 1.36% from its previous closing of Rs. 106.45 on the BSE. The scrip opened at Rs. 106.95 and has touched a high and low of Rs. 109.30 and Rs. 103.00 respectively. So far 105959 shares were traded on the counter.

The initiative is aiming at exploring the synergy between culture and textiles and the initiative will be extended to rest of the country.

Peers
Company Name CMP
Bharat Heavy Elect. 427.60
Thermax 3231.40
Kirloskar Industries 3466.45
Skipper 539.95
INDO-MIM 1318.45
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