Cotton - a Snowball Effect !!

Mr. Vikram Kasat, Head - Advisory and Western Region at Prabhudas Lilladher

Textile Industries' outlook is promising with lots of restraints being put on China and the various subsidies being provided to the sector.

The textiles industry is performing much better than the rest of the sectors -- steady improvement in EBITDA margin and early signs of re-leveraging.

Higher export orders and timely government support under the ECLGS scheme have helped the textile sector to come out strongly from the Covid pandemic. Notably, the textile sector has not only survived during tough times but now is ready to expand and thrive.

Also, Technically looks like CONSOLIDATION is about to end soon & REVERSAL soon on cards - Stocks should lead the rally across the board.

Source : Equity Bulls

Keywords

Cotton ECLGSScheme PrabhudasLilladher TextileIndustries