Textile stocks were trading higher as garment exporters will continue to get a rebate on central and state taxes on their outward shipments as the government approved extension of RoSCTL scheme till March 2024. The move is aimed at enhancing competitiveness of the labour-intensive textiles sector.
Welspun India is currently trading at Rs. 126.20, up by 3.50 points or 2.85% from its previous closing of Rs. 122.70 on the BSE. The scrip opened at Rs. 121.40 and has touched a high and low of Rs. 129.80 and Rs. 121.35 respectively.
Vardhman Textiles is currently trading at Rs. 1623.50, up by 34.40 points or 2.16% from its previous closing of Rs. 1589.10 on the BSE. The scrip opened at Rs. 1589.00 and has touched a high and low of Rs. 1659.85 and Rs. 1589.00 respectively.
Arvind is currently trading at Rs. 108.00, up by 0.60 points or 0.56% from its previous closing of Rs. 107.40 on the BSE. The scrip opened at Rs. 108.30 and has touched a high and low of Rs. 110.95 and Rs. 106.55 respectively.
