This microcap textile stock has zoomed 100% in 5 days; climbed 10% today

Quick Summary:

Shares of Mahalaxmi Rubtech have continued their upward movement, hitting a new high of Rs 311.

The huge addressable market size / top-notch execution / UK FTA bode well for key players in India’s home textile / apparel sector, the brokerage firm said in a textile sector report.

The Indian textile and apparel industry is highly diversified, with a wide range of segments ranging from products of traditional handloom, handicrafts, wool and silk products, among others.

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Article Details

Category: BusinessFinance

Markets: IndiaBangladeshChinaVietnam

Topics: Technical textiles PLI Schemes Microcap JM Financial Institutional Securities home textile Mahalaxmi Rubtech Apparel sector Production Linked Incentive Textile

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 14:55:37 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 610 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24396394

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 286 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #49

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