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COTTON YARN CAPACITY
Aastha Spintex IPO Day 3: Issue subscribed 3 times; Check GMP and other details. Should you apply?The company plans to deploy the IPO proceeds to acquire Falcon Yarns, meet working capital requirements, and support general corporate purp...- Aastha Spintex IPO Day 2: GMP signals 4% listing gain; subscription nears full. Should you apply?Aastha Spintex's Rs 170 crore IPO entered Day 2 with a 4% grey market premium (GMP), indicating a potential listing around Rs 141 versus th...
- Aastha Spintex IPO off to a steady start; issue subscribed 52% on Day 1. Check GMP & key detailsAastha Spintex IPO saw a steady start on Day 1, subscribed 52% by mid-session, with strong NII demand leading the response. The issue carri...
- Aastha Spintex IPO opens for subscription. Check GMP, brokerages review and other detailsThe company plans to utilise the proceeds for the acquisition of Falcon Yarns, funding the working capital requirements of Falcon Yarns and...
- Explained: Why textile stocks are delivering up to 14% returns for investors on Wednesday?Textile stocks rallied sharply on Wednesday after brokerages turned bullish on the sector, citing improving global demand, favourable trade...
- Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Gl...
- Shreedhar Spinners IPO: Check GMP, subscription, price band and other detailsThe NSE SME issue will remain open for bidding till June 25. The company aims to raise Rs 30.68 crore through an entirely fresh issue of 57...
- Worst is behind, demand recovery underway for Indian textile sector as tariff woes ease: ReportIndia's textile industry is seeing a comeback as uncertainty over US tariffs has ended. Global demand is getting better. This brings new ho...
- India counters US Section 301 probe claims of surplus capacity in textiles, steelIndia is pushing back against US allegations of excess production capacity in textiles and steel. Government officials argue that domestic ...
- Textile sector: Time for a relook as tariff tantrum may soon be history? 5 textile stocks with upside potential of up to 27%The Indian textile and apparel sector has had a stressful year. The US tariffs disrupted orders to the sector’s largest market, squeezed ma...
- War hits Indian factories, but yarn makers spin export boom to ChinaIndian cotton yarn factories are increasing output to meet unprecedented demand from China. Disruptions from the Middle East war have impac...
- US Section 301 probe: India textile body TEXPROCIL pushes back on USTR excess capacity allegationsTEXPROCIL has responded to US investigations on excess manufacturing capacity and forced labor. The Indian textile body rejects these claim...
- RSWM Ltd to invest Rs 315 crore for expansion of Rajasthan unitThe company supplies high-quality yarn to 90 countries globally. The decision to expand capacity comes due to the growing demand for cotton...
- Lower capex to have slight impact on credit profiles of cotton yarn spinners: CrisilBetween April and August this year, India’s cotton yarn export volume plunged 58% on-year, leading to moderation in capacity utilisation of...
- ShriVallabh Pittie Rs 450-crore textile unit begins ops in RajasthanThe plant is fully automated with 1,00,000 spindles holding a manufacturing capacity of 22,000 tonnes per annum and is spread across 25 acr...
- SISPA seeks VAT reduction on cottonSale of cotton yarn in Tamil Nadu attracts 5% sales tax, whereas it is only 2% for yarn from neighbouring states.
- Cotton yarn exports likely to drop by 20% in the current fiscalExports may drop by 20% following the UPA govt's decision to remove the exports benefits under FMS on cotton yarn.
- Govt suspends cotton yarn registrationThe Centre has suspended registration of cotton yarn after capping exports at 7.2 lakh tonne on Tuesday, triggering mixed reactions from th...
- Govt mulls ways to rein in spiralling yarn pricesAfter failing to control cotton prices, the Central government now wants check yarn prices.
- Rising cotton prices force textile cos to cut capacityEven as spinning mills across the country are trying to make ends meet in the wake of pressure from a rising rupee, skyrocketing prices of ...
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