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Textile industry stocks jump after Centre extends date for inviting fresh applications under PLI Scheme for Textiles

07 Dec 2023 Evaluate

Textile industry stocks jumped on the BSE, as the Government has extended the date of inviting fresh applications through online portal under PLI Scheme for Textiles up to December 31, 2023 and applications are currently being received. The industry is gearing up to tap the potential of MMF and Technical Textiles segment, which is a sunrise industry segment in the country duly supported by PLI Scheme for Textiles and National Technical Textiles Mission.

Alok Industries is currently trading at Rs. 20.71, up by 0.51 points or 2.52% from its previous closing of Rs. 20.20 on the BSE.

Raymond is currently trading at Rs. 1693.95, up by 20.95 points or 1.25% from its previous closing of Rs. 1673.00 on the BSE.

Arvind is currently trading at Rs. 226.25, up by 2.65 points or 1.19% from its previous closing of Rs. 223.60 on the BSE.


Peers
Company Name CMP
Vardhman Textiles 547.45
Welspun Living 202.25
Arvind 549.45
Raymond Lifestyle 672.05
K.P.R. Mill 1119.85
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