FIIs were net sellers of over Rs 7,000 crore on Thursday, and their cumulative selling in the past seven trading sessions has exceeded Rs 19,000 crore, raising concerns in the market
Analysts believe, the textile space witnessed a healthy consolidation in past couple of years and is now resuming the upward momentum.
Siyaram Silk Mills hit a new high of Rs 937.85, as they rallied 12 per cent on the BSE in Friday's intra-day deal in an otherwise weak market after the company launched Cadini Italy Perfumes in India
Siyaram Silk Mills stock hit a high of Rs 788, and was trading at its highest level since December 2017 in an otherwise subdued market on expectation of strong earnings.