01 Feb 2025

Textile Stocks Gain as Govt Announces 5-Year Cotton Production Mission

Stocks in the textile sector surged after Finance Minister Nirmala Sitharaman announced a five-year mission for cotton production.

  • Arvind Ltd is trading at RS. 348.00, up by 10.10 points (2.99%) from its previous closing of RS. 337.90 on the BSE. The stock opened at RS. 344.85, reaching a high of RS. 353.10 and a low of RS. 343.30. A total of 12,240 shares have been traded so far.

  • Vardhman Textiles is trading at RS. 465.15, rising 8.50 points (1.86%) from its previous closing of RS. 456.65. The stock opened at RS. 462.90, touching a high of RS. 465.15 and a low of RS. 460.90. So far, 2,077 shares have been exchanged.

  • Raymond Ltd is trading at RS. 1536.95, up 27.75 points (1.84%) from its previous close of RS. 1509.20. The stock opened at RS. 1512.20, hitting a high of RS. 1543.15 and a low of RS. 1512.20. A total of 4,042 shares have changed hands.

The sector saw gains following the government's renewed focus on boosting cotton production.