There are sectors which under perform for years and then they come back to focus. Post covid, partially due to China Plus one narrative, plus the fact that the government has come out with the PLI scheme, the textile sector is back in focus. But there is another macro issue, which is that textile has been completely dominated by China and other countries. The Indian textile industry has been in bad shape for decades. Given the operating matrix, will PLI scheme and other support be enough for these companies to see a sustained growth to profitability. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
