Union Budget 2010-11: Shares of textile companies surge

NEW DELHI: Shares of textile companies surged across the board between 2-4% in the wake of the announcement by the Union Finance Minister Pranab Mukherjee that a one time grant of Rs 200 crore would be given to the Tirupur Textile cluster.

The move is seen as providing a shot in the arm to the beleaguered sector. The shares of Bombay Rayon was at Rs 205.55(up 2.19%), Gokuldas Exports at Rs 157.90(up 3.81%), Siyaram Silk at Rs 150.55(up 2.98%) to name a few on the BSE.