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“The next few quarters are relatively tough from the export scene especially as far as textiles is concerned. We are seeing some element of softness being witnessed on the export front but that should normalise in our opinion in the second half as festivities kick in.”
The brokerage house says the worst is behind the textile company which is set for a steady recovery in FY24. Hopes of better prospects have supported a 53 percent surge in the stock in the past three months and 82 percent this year