Laggard textile stocks hogging limelight

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The laggard textile stocks have spurted and are hogging the limelight since the past few trading sessions. In the last three days if investors had invested in select textile stocks then they would have earned good returns.

 

The textile sector has been underperforming for a some time, one of the reasons being rupee's sharp appreciation against the dollar as to large extent Indian yarn exporters are dependant on US markets.

 

Moneycontrol has come out with a list of textile companies that have given remarkable returns in the last three days. From December 9 to December 11, stocks like Siyaram Silk was up over 40%, Seasons Textile , Abhishek Ind , GTN Textiles and GTN Industries were up over 30%.

 

 

Company Name	Last Price	3 Days	% Chg
Siyaram Silk	219.80	153.55	43.15
Seasons Textile	12.00	8.84	35.75
Abhishek Ind	35.05	25.95	35.07
GTN Textiles	25.05	18.80	33.24
Dhanlaxmi Roto	15.75	11.87	32.69
GTN Industries	36.35	27.55	31.94
Kamadgiri Synth	63.90	48.45	31.89
Nahar Industria	118.35	90.30	31.06
Aunde FazeThree	33.00	25.20	30.95
Amit Spinning	8.43	6.44	30.90
Kitex Garments	9.74	7.51	29.69
SR Industries	9.50	7.50	26.67
Ganesh Poly	15.81	12.58	25.68
Indo Count	22.20	17.93	23.81
Priyadarshini	19.15	15.70	21.97
Amit Intern	5.58	4.60	21.30
Futura	41.90	34.65	20.92
Uniroyal	8.64	7.15	20.84
Porrits andSpen	243.00	201.10	20.84
Spentex Ind	41.00	34.00	20.59
Vippy Spinpro	11.95	9.98	19.74
Nitin Spinners	18.26	15.49	17.88
Gravity India	8.42	7.20	16.94
Maral Overseas	22.55	19.30	16.84
Sybly Ind	10.71	9.19	16.54
Super Spinning	20.75	17.85	16.25
Deepak Spinners	24.60	21.30	15.49
Abhishek Mills	64.80	56.20	15.30