Related Keywords: Chinese economic slowdown, fetched positive ROIs, going through lean phase, government measures, Indian apparel exports grew, performed well, sluggish demand from US and European markets, Stock of Indian textile companies, textile value chain, yuan depreciation alarming
The stocks of textile companies have performed well in the last one year. Of the 52 textile stocks, 43 stocks have fetched positive ROIs despite Indian textiles going through a lean phase since the last few years and the government’s measures have done little to help the industry’s cause.
The list of woes is also a long one - falling exports of cotton yarn and apparel, growing competition from China, negative impact of global economic slowdown, mounting inventories, lack of capital infusion for technology upgradation and volatile stock markets among others.