Textiles stocks: Key triggers set the stage for growth in these two companies
Live MintThe Indian textile industry plays a pivotal role in the nation’s economy. Over the past two years, subdued demand and rising costs have led to a downturn, with textile stocks underperforming even as the broader market delivered record returns. This slowdown significantly impacted India’s primary textile export markets—the EU and the US View Full Image Energy prices Rocketed after the Russian invasion. Bangladesh, the world’s second-largest textile exporter, holds a 6.8% share of the global market, with 60% of its production catering to the US and EU markets. Read this | Demand from European markets fuels recovery in India’s textile exports amid Bangladesh crisis However, political turmoil has disrupted the sector, with factory shutdowns and wage-related protests sparking significant unrest.
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