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    Another round of re-rating? 5 stocks from textile sector with upside potential of up to 34%

    Synopsis

    Some sectors underperform for years and then come into focus. Partially due to China Plus one policy, and govt's PLI scheme, the textile sector is back in focus. But there is a macro issue that textile has been completely dominated by China and other nations. The Indian textile industry has been in bad shape for decades. Given the operating matrix, will PLI scheme, other support be enough for these cos to see sustained growth to profitability. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 stocks with detailed company analysis focusing on 5 key components - earnings, fundamentals, relative valuation, risk & 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. However, some of the initial outperformers in the stock market rally which started after covid outbreak, the textile sector was among the leaders of the
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