๐ฅ Textile Stocks Are Back In Focus ๐ฅ
Yesterdayโs announcement on duty-free cotton imports could become a major tailwind for textile companies. Lower raw material costs = potentially better margins = stronger earnings. ๐
So I did what I always do.
Scanned nearly 50 textile charts and handpicked my favourite 10 setups.
There are a 10 names I like, but if you force me to pick just 3 where money seems to be flowing in and the trend has clearly shifted to an uptrend, these would be my choices ๐
๐ฅ Mayur Uniquoters
CMP: 750 | Target: 1500 ๐ฏ
Premium artificial leather manufacturer supplying to auto, footwear and furnishing industries. Strong fundamentals and recently gave an ATH breakout.
๐ฅ Precot
CMP: 802 | Target: 3000 ๐ฏ
One of Indiaโs leading cotton yarn manufacturers. A direct beneficiary if cotton-related costs remain favourable and textile demand improves.
๐ฅ Arvind
CMP: 473 | Target: 1300 ๐ฏ
A textile giant with exposure to denim, garments and branded apparel. One of the strongest textile charts right now with improving long-term structure.
The textile sector has been sleeping for years.
But when a sector wakes up after a long nap, the moves can be explosive. ๐
Whatโs your favourite textile stock right now? ๐