5 Textile Stocks That Have Gained 16-73% After Q1 FY22

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5 Textile Stocks That Have Gained 16-73% After Q1 FY22

By Aditya Raghunath

Investing.com -- Rising export demand and strong results have resulted in a boost for the textile industry. It helps that the US has banned cotton imports from China's Xinjiang region because of forced labour. Indian textile exports to US markets are on the rise.

Textiles is one of the oldest industries around the world. The companies in this sector have seen multiple ups and downs. In its earnings report, Lux Industries had said that it is eyeing double-digit growth in FY22 while Nitin Spinners is backed by ace investor Dolly Khanna.

Here are five stocks from the textile and apparel category that have made decent gains after Q1 FY22.

  1. Lux Industries Ltd (NS: LUXI )

Share price on June 30: Rs 3,577.55

Share price on August 11: Rs 4,165.2

Percentage gain: 16.4%

  1. Nitin Spinners Ltd (NS: NISP )

Share price on June 30: Rs 146.25

Share price on August 11: Rs 202.35

Percentage gain: 38.3%

  1. Vardhman Textiles Ltd (NS: VART )

Share price on June 30: Rs 1,367.4

Share price on August 11: Rs 1,750

Percentage gain: 28%

  1. Dollar Industries Ltd (NS: DLLA )

Share price on June 30: Rs 304.35

Share price on August 11: Rs 357.9

Percentage gain: 17.5%

  1. Nahar Spinning Mills Ltd (NS: NHRS )

Share price on June 30: Rs 226.9

Share price on August 11: Rs 393.15

Percentage gain: 73.2%

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  • Akhilan Naganathan @Akhilan Naganathan
    Nahar Industries is underpriced .The ceiling prescribed by BSE is only for shares listed only in BSE and not for listed in multiple exchanges
    Like 0
  • Muneer Ovungal @Muneer Ovungal
    welspun India will be the next hero
    Like 0
  • Joy PB @Joy PB
    welspun India Limited is best.
    Like 0
  • Joy PB @Joy PB
    welspun India Lmt is best.
    Like 0
  • Joy PB @Joy PB
    welspun India Lmt is best.
    Like 0
  • Joy PB @Joy PB
    welspun India Lmt is best.
    Like 0
  • JYOTIRMOY CHATTERJEE @JYOTIRMOY CHATTERJEE
    good information
    Like 0
  • JYOTIRMOY CHATTERJEE @JYOTIRMOY CHATTERJEE
    good information
    Like 0
  • arun mestry @arun mestry
    sportjings also good
    Like 0
  • arun mestry @arun mestry
    sportjings also good
    Like 0

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