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Short to medium term trend of the Nifty Index seems to be corrective in nature as long as it remains below the 19,795 levels.

Will the textile companies which came in focus post covid due to China Plus one be able to take the full advantage of PLI scheme and stay in path of consistent and above average profitability or it will be just another phase, analysts are more positive than they have been in the past. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.

Textile is one of the oldest industrial sectors in India. However, right from labour issues to smaller Asian countries becoming more competitive in terms of cost of production, different segments of the textile industry have faced more headwinds than tailwinds in their history of existence. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.

The overall trend looks positive, the Nifty index can move higher till 19,000 followed by 19,366 levels in the coming future.

Stock has consolidated near Rs 360-375 and currently has indicated a bullish candle pattern. Much upside potential; attractive on charts