Himatsingka Seide, KPR Mill: Trading strategies for textile stocks

According to experts, demand from the home textile industry is expected to remain supportive in the near-to-medium term

Shares of textile companies were in focus at the bourses on Thursday amid media reports that the cabinet note on National Textile Policy is ready to be considered for passage soon. According to a report by CNBC Awaaz, the government aims to invest Rs 10,000 crore in the sector in the next five years.

Among individual stocks, Bombay Dyeing surged 8 per cent to Rs 84.75 on the BSE, Arvind Limited rose 5 per cent, and KPR Mill gained 4.5 per cent. Besides, Aditya Birla Fashion and Nitin Spinners were up 2 per cent, each. In comparison, the benchmark S&P