These shares of textile sector did amazing, gave returns up to 63.52% in a week


Multibagger Stocks: The shares of this sector have been in the news for some time due to some positive announcements by the Government of India supporting the textile sector. Textiles Minister Piyush Goyal has announced that a production linked incentive scheme for the technical textiles and man-made fiber segment is on the cards while the government is also working on a mega investment textile park scheme.

According to the Minister of Textiles, the target is to reach 100 billion dollars in textile exports as soon as possible. Currently, Indian textile exports are worth $33 billion. If India is to achieve the export target, it will be a three-fold jump in exports. The Indian government is believed to be in talks with state governments to set up mega textile parks to help businesses acquire land, electricity and other utilities at attractive rates.

Due to the positive announcements of the Government of India, many stocks related to the textile sector are seen buzzing in the market. Know about the textile stocks that gave great returns in the last one week:-

  • Phase Three Limited (63.52% return in one week)
  • Lakshmi Automatic Loom Works Ltd. (34.14% return in one week)
  • Jindal Worldwide Limited (31.03% return in one week)
  • Kintech Renewables Ltd (27.58% return in one week)
  • Harish Textile Engineers Ltd (27.3% return in one week)
  • Adinath Textiles Limited (27.23% return in one week)
  • York Exports Limited (26.93% return in one week)
  • Ventura Textiles Ltd (26.89% return in one week)
  • Indo Cotspin Limited (26.81% Return in 1 Week)
  • Shree Jayalakshmi Autospin Limited (26.57% Return in 1 Week)

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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