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Thread 🧵on Best Textile Sector Stocks in India ...

Why Invest in Textile ❓

Charts of Best Stocks for Trading / Investing (Based on Set Criteria)

Charts & TA Courtesy : @YTA_School

(Must Read for Traders & Investors)

@Anshi_________ @AmitabhJha3 (Views Invited) 🙏🙏🙏

Covid-19 has altered global textile & apparel (T&A) supply chain with several brands preferring more than one sourcing destination.

Further, US-China trade war & imposition of additional duties on Chinese T&A imports have forced US-based importers to search for alternatives.

In December, US signed a law that bans imports from China's Xinjiang region over concerns about forced labour. As Xinjiang constitutes ~ 20 per cent of global cotton market, supply re-adjustment on account of this ban has led to more demand for Indian cotton and cotton yarn.

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TYM Financial Updates

@TYMFinance

Indo Count Industries #ICIL conduced Concall today at 2:00 PM for Q1 FY22

"Indo Count was awarded TEXPROCIL EXPORT AWARDS 2019-20, consecutively for the 2nd time"

Here are the Conference call highlights 😀

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Industry Updates:

• Mgmt feels robust growth in Texile sector of India, leading growth from
- China + Policy
- US China Trade War
- China's environmental concern (jiangsu province).
- Govt. approves RoSCTL on export of Apparel/ Garments and Made-ups will help industry.

Growth Driver:

• Mgmt expect China+ factor to be favorable for 3-5 year.
• Home Textile consumption has growth to good extend due to WFH culture.
• Presence over countries such as Europe, US, Canada will help company a lot.
• PLI in Textile may also prove help to industry.

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