455.2500 -12.90 (-2.76%)
NSE Jun 19, 2025 15:31 PM
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Vardhman Textiles Ltd.
19 Aug 2019, 12:00AM
455.25
-2.76%
ICICI Securities Limited
Due to the ongoing impact of the trade war between US & China, cotton yarn exports from India have declined. India exports ~ 110 mn kg of cotton yarn annually while domestic consumption was around 235 mn kg. Due to lower yarn imports by China, India's cotton yarn exports declined to ~75 mn kg leading to an influx of additional cotton yarn in the domestic market, which led to lower realisation for cotton yarn producers. Hence, margin for cotton...
Vardhman Textiles Ltd. is trading above its 100 day SMA of 449.8
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