With 45 percent of India’s yarn exports going to Bangladesh, any benefit to that market will mean better prices for Indian yarn exporters and textiles
Stocks to Watch, 05 May: Stocks like Avenue Supermarts, Vardhman Textiles, Voltamp Transformers, PNB Gilts, Archean Chemical Industries, Sanofi Consumer Healthcare India, Gravita India, Sunteck Realty, City Union Bank, Aether Industries, Shilpa Medicare, BSE, GOCL Corporation, Tata Motors, Indraprastha Gas, and Tata Steel will be in focus on May 5.
Expert expects strong moves in the broader market; hence, one needs to have a stock-centric approach for better trading opportunities.
Emkay Global Financial is bullish on Vardhman Textiles has recommended buy rating on the stock with a target price of Rs 440 in its research report dated May 10, 2023.