Indo Count Industries Ltd.

NSE: ICIL | BSE: 521016 | ISIN: INE483B01026 | Industry: Textiles
| Mid-range Performer

283.80
0.50%
Motilal Oswal
Home textile industry of late has been plagued by destocking, resulting in off-take deferments from large retailers, especially in the US. ICNT, however, has started witnessing better projections from same retailers and customers who had destocked. Also, as the intensity of destocking is reducing, ICNT is witnessing a marginal pick-up in demand as well. Also, with US business growth expected to increase from 1.9% to 2.5% in 2019, ICNT is set to benefit from better demand.
Indo Count Industries Ltd. is trading below its 30 day SMA of 291.9
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