Sector Textiles, Apparels & Acc. - Latest news, views and updates

SECTOR | 18 Dec 2024

CAI expects 36.5% dip in cotton exports to 1.8 mn bales on lower output

Business Standard

India's cotton exports are likely to decline 36.53 per cent in the 2024-25 season, beginning from October 1, to 18 lakh bales due to lower production following shrinking acreage of the crop in the north and Gujarat, Cotton Association of India (CAI) said on Wednesday. The total exports during the 2023-24 season stood at 28.36 lakh bales, according to CAI data. "The decline in cotton exports is mainly due to a decline in production following lower acreage this year. The acreage for cotton crop has shrunk 35 per cent in the north cotton growing region (Punjab, Haryana, and Rajasthan) and by 15 per cent in Gujarat. This is going to keep the cotton prices steady compared to the global markets," CAI President Atul Ganatra told PTI. The total cotton pressing 2023-24 season is estimated at 302.25 lakh bales compared to 327.45 lakh bales in the previous season. Meanwhile, the total cotton supply till end of November 2024 is estimated at 108.41 lakh bales, comprising the pressing figures of

Textiles, Apparels & Acc.

SECTOR | 17 Dec 2024

IPO-Bound Sanathan Textiles' Yarn Manufacturing Capacity To More Than Double By FY27

NDTV Profit

Sanathan Textiles will launch its initial public offering on Dec. 19 at a price band of Rs 305-321 per share.

India Inc gets past Rs 3 lakh crore mark in equity fundrace

Economic Times | 17 Dec 2024

Textiles, Apparels & Acc.

SECTOR | 16 Dec 2024

Sanathan Textiles IPO to open on Dec 19; sets price band at Rs 305-321

Business Standard

Yarn manufacturer Sanathan Textiles on Monday said it has fixed a price band of Rs 305-321 per share for its Rs 550-crore initial public offering (IPO). The initial share-sale will open for public subscription on December 19 and conclude on December 23. The bidding for anchor investors will open for a day on December 18, the company announced. The company's IPO is a combination of a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of shares valued Rs 150 crore by promoters and promoter group entities. The company plans to utilize the proceeds from its fresh issue worth Rs 160 crore for payment of debt, Rs 140 crore will be invested in its subsidiary, Sanathan Polycot Pvt Ltd, for the repayment or prepayment of its borrowings, and the remaining amount will be allocated for general corporate purposes. Sanathan Textiles operates three distinct yarn business divisions - polyester yarns, cotton yarns, and yarns - for technical textiles and industri

Sanathan Textiles Sets Price Band For Rs 550-Crore IPO

NDTV Profit | 16 Dec 2024

Textiles, Apparels & Acc.

SECTOR | 16 Dec 2024

Textile Industry Check - Demand Revival To Spur Growth In The Sector: Systematix

NDTV Profit

The recent political turmoil in Bangladesh has forced big brands to align their supply chains away from Bangladesh, adds the brokerage.

Textiles, Apparels & Acc.

SECTOR | 16 Dec 2024

Intraday stocks for today under 100: Experts recommend six shares to buy today 16 December 2024

livemint

Intraday stocks for today under 100: Experts recommend six shares to buy today IOB, Gateway Distriparks, Aartech Solonics, Soma Textiles, BL Kaahyap, and Paramount Cable

Textiles, Apparels & Acc.

SECTOR | 10 Dec 2024

Stock Market Live Updates: Stock to buy today - Vardhman Textiles (529.70) BUY

Business Line

Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Vardhman Textiles is bullish. The stock has begun the week on a strong note by surging over 4 per cent on Monday. Strong supports are at 520 and then in the 505-500 region.

Stock to buy today: Vardhman Textiles (529.70) BUY

Business Line | 10 Dec 2024 1 more

Textiles, Apparels & Acc.

SECTOR | 09 Nov 2024

Winsome Textile Industries Q2 Results Live: Profit Rises by 104.67% YOY

livemint

Winsome Textile Industries Q2 Results Live: Revenue increased by 8.21% YoY & profit increased by 104.67% YoY.

Textiles, Apparels & Acc.

SECTOR | 06 Nov 2024

India's Home Textiles Sector Set For 6-8% Revenue Growth This Fiscal: Crisil Ratings Report

NDTV Profit

India's home textile industry is set to stitch 6-8% growth this fiscal riding on resilient demand from the US and expansion in the domestic market - and notwithstanding some lingering logistical challenges, Crisil Ratings said in a report.

Textiles, Apparels & Acc.

SECTOR | 30 Oct 2024

GHCL Q2 Results: Profit Rises 8% To Rs 154.83 Crore In September Quarter

NDTV Profit

GHCL Ltd., is engaged in the manufacture of soda ash (Anhydrous Sodium Carbonate). Through a demerger, it has separated its spinning business into GHCL Textiles Ltd.

GHCL Q2 results: PAT rises 8% to Rs 154.83 cr, total income at Rs 810 cr

Business Standard | 30 Oct 2024

Textiles, Apparels & Acc.

SECTOR | 22 Oct 2024

Dip in acreage to shrink cotton output by 7% to 302 lakh bales in 2024-25

Business Line

Consumption seen flat at 313 lakh bales, exports to drop and imports to rise says CAI