Textile scrips rise on revival in sentiment

Biz recovering after note ban; some enthused at prospects on China's loss of export competitiveness

The share price of textile companies jumped by up to 10 per cent on Thursday, on the expectation of a sharp recovery in textile and apparel export in the coming months, due to less shipment from China.

The domestic market is also gradually overcoming the dull demand sentiment which had arisen out of demonestisation of high-value currency notes in November 2016.

The share price of Trident jumped by 9.8 per cent to close on Thursday at Rs 87.90. Garden Silk and Banswara Syntex rose seven per cent and 5.6 per cent to Rs 33.65 and Rs 151.30, respectively. Garware Synthetics and Nahar