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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) πŸ™πŸ™πŸ™
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.
Read 28 tweets
The Curious Case Of #VardhmanAcrylics ( VAL ) & #VardhmanTextiles ( VTL) Merger .
The merger ratio at 1 share of #VTL for every 24.1 shares of #VAL gives a valuation of 38 rs or 300 cr market cap approximately.
#VAL holds 285 cr of investments and some more cash added this quarter. The gross block of #VAL used to be 200 cr plus pre 2017. The plant does a topline of 400 cr plus and an average operating profit of 40cr over the years. 40-50% of the sales of #VAL are to #VTL.
#VAL also has acres of land in Bharuch. So at 300 cr market cap the merger implies #VTL gets the plant and the land for free. How is this fair deal for #VAL minority shareholders? Plant and Land worth = 100-300 cr ? Disclosure -No Holdings. Was a shareholder a few years back.
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