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Textile stocks up on announcement of allocation of Rs 2,400 crore for textile technology up-gradation

28 Feb 2013 Evaluate

Textile stocks too picked up some pace after Finance Minister, P Chidambaram in its Union Budget 2013-14 proposed Rs 2,400 crore for textile technology up-gradation.

Arvind is currently trading at Rs. 79.90, up by 1.70 points or 2.17% from its previous closing of Rs. 78.20 on the BSE. The scrip opened at Rs. 79.35 and has touched a high and low of Rs. 79.95 and Rs. 78.25 respectively. So far 89899 shares were traded on the counter

Alok Industries is currently trading at Rs. 9.05, up by 0.11 points or 1.23% from its previous closing of Rs. 8.94 on the BSE. The scrip opened at Rs. 9.08 and has touched a high and low of Rs. 9.14 and Rs. 9.00 respectively. So far 357734 shares were traded on the counter.

Finance Minister, Pranab Mukherjee in last budget announced shuttle looms to be fully exempted from customs duty.

Peers
Company Name CMP
Vardhman Textiles 528.10
Welspun Living 226.65
Arvind 511.50
Raymond Lifestyle 574.80
K.P.R. Mill 1081.30
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