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The government has set a target of $100 billion in textile exports by 2030. But in the midst of global factors that threaten economic revival, how can textile exporters up their game to garner a larger chunk of the global exports pie?
Asian Paints, L&T, Bajaj Auto, Tata Power, United Spirits, Union Bank of India, Relaxo Footwears, Sanofi, Aditya Birla SL AMC, KEI Industries, and UTI AMC are among the companies that will announce their earnings for the quarter ended June 2022.
The company's Managing Director J C Laddha attributed the strong numbers to the high operational efficiency and improved market demand. The pulp and paper business has performed exceptionally well during the reporting quarter, especially with increased demand in the paper and tissue segment, he said.
Tata Consultancy Services, MMTC, Kohinoor Foods, Shrenik, Brahmaputra Infrastructure, Morarka Finance and Spectrum Foods are among companies that will announce their quarterly earnings today.
A board meeting of Athena Global Technologies will take place today to consider preferential issue of shares and the board of Rajasthan Gases will meet to consider issue of warrants.
"The daily RSI is in a bearish crossover. The trend is likely to remain sideward in the short term. On the lower end, support is visible at 15,650. On the higher end, resistance is placed at 15,900/16,000,” said Rupak De, Senior Technical Analyst at LKP Securities.
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For Infosys, long-term investors' target range has to be Rs 1,350-1,400: Sandip Sabharwal“The largecap IT stocks are 12-15% return stocks from other levels which we are comfortable buying. My comfort level on something like Infosys is around Rs 1,400. It fell slightly below and it has jumped up around 10% from there. The upside potential remains 5-7%. The targeted range in my view for longer term investors has to be 1,350-1,400 rather than current levels.”
These 15 BSE500 stocks rally up to 28% during the week as bulls rule Dalal StreetAmong the BSE's sectoral indices, the Energy and Reality sector rose 5 per cent each, whereas IT index zoomed over 4 per cent. Power and utility index led the losers with 4-5 per cent cut, followed by 2 per cent fall in healthcare stocks.
(Video) Facing unprecedented economic difficulties, China Textile Industry Orders flow to Vietnam, India...Turnaround Bets! 16 companies that returned to black in March quarter“Absolute earnings continue to trend towards recovery in Q4FY22 and FY23. On a longer-term basis though it is encouraging to note that the continuous slide in corporate profits to GDP ratio has been arrested and the trend has likely reversed for the better,” SBI MF said in a note.
Stocks in the news: LIC, Airtel, Raymond, ACC, AB Capital and Century PlyBharti Airtel, Indian Oil , DLF, PI Industries, Abbott India, GMR Infra, Dr Lal Pathlabs, Kajaria Ceramics, IRB Infra, Zydus Wellness, EID Parry, Jubiant Ingrevia, Sapphire Foods and Minda Corp are among the companies which will announce their earnings today.
Ultratech makes a formal bid for Holcim's India assetsThe JSW Group, which is already present in the sector and the Adani Group which does not have a presence, are also reportedly in the race for the prized assets. Leading steel player ArcelorMittal has also shown interest and may join the race to acquire the two companies.
Stocks in the news: Bajaj Finance, Century Textiles, HDFC Life, GMDC and Eros MediaBajaj Finance, HDFC Life, AU Small Bank, Macrotech Developers, Schaeffler India, Tata Teleservices, Atul, NAM India, Sanofi India, Adiya Birla AMC and KPIT Tech are among the companies that will announce their March quarter results today.
Century Textiles reports Rs 84-crore Q4 profit as pulp and paper business revenues soarIts board declared a dividend of Rs 4 per share. The company’s stock closed 0.82% higher at Rs 886.4 on the BSE on Monday.
Century Textiles back in black with Rs 84 cr net income in Q4For the full financial year, the company which is into textiles, pulp and paper and realty businesses, booked Rs 200 crore in net income, up four-fold from Rs 50 crore in the pandemic-ravaged FY21.
Corporate Radar: Muthoot Finance to trade ex-dividend, Mahindra CIE's AGM and moreShares of Leading NBFC Muthoot Finance will trade ex-dividend today as the company had announced a dividend of Rs 20.
(Video) Women in 19th Century American BookbinderiesBirla Estates inks pact to develop 52-acre land parcel in North BengaluruThe project has a revenue potential of Rs 3000 cr and development potential 4.0 mn sq. ft. and will comprise both high and low-rise residential developments, along with retail and commercial elements.
Market movers: Hindustan Construction Company surges 11%, IIFL wealth 3%Shares of IIFL Wealth Management climbed 3 per cent after reports said it was added to FTSE Allcap Index. ET Now reported that this may lead to an inflow of $10-12 million to the stock. The adjustment in the index, that is the inclusion will take place on March 21.
HC tells Mumbai civic body to transfer Worli plot title to Century TextilesThe listed textiles-to-realty company had approached the city corporation in March 2014, seeking to execute a formal deed of conveyance for the land, which houses a residential colony of its employees. It moved the high court in December 2016, after the authorities did not respond to its application and several letters seeking transfer of the land title.
Birla Estates says sold apartments worth Rs 1,000 cr at project in Mumbai's WorliBirla Estates is planning to develop this 3.6-million-sq-ft integrated project as part of the proposed development of its total 30-acre land parcel in phases.
Century Textiles & Industries Ltd., incorporated in the year 1897, is a Mid Cap company (having a market cap of Rs 10205.08 Crore) operating in Cement sector.
See Also22 Cheapest Asian Countries to Visit in 2022 - Laure WandersSamsung Galaxy - The Official Samsung Galaxy SiteBamboo Duvet Covers Reviews, A Guide to the Best Six of 2020!VEERAS INFOTEK PRIVATE LIMITED - Company, directors and contact details5 stocks where MFs raised stake by at least 50 bps in last 4 quartersData showed that except for one, all other stocks managed to beat BSE500's 30 per cent return year-to-date. They include Birlasoft, Equitas Small Finance Bank, Jamna Auto Industries, Century Textiles & Industries and Bharat Dynamics. Analysts are largely positive on the majority of these stocks.
Birla Estates plans 3.6-mln-sq-ft development on 14-acre Worli land parcel“Total development cost for the 14-acre development is estimated to be Rs 5,500 crore. Of this, the company will invest Rs 1,500 crore, while balance will be financed through customer advances,” said K. T. Jithendran, CEO, Birla Estates.
(Video) Only the Clothes on Her Back, a book talk with Laura F. EdwardsCentury Textiles Q2 results: Co reports Rs 54 cr net incomeThe Birla group company attributed the strong performance to higher operating efficiency and turnaround in market sentiments.
Century Textiles & Industries Ltd., incorporated in the year 1897, is a Mid Cap company (having a market cap of Rs 9238.35 Crore) operating in Cement sector.
Kesoram likely to offer hefty discount in proposed rights offer to reward shareholdersThe company has now decided to drop the preferential issue to promoters and instead go for Rs 400 crore rights offer in a single shot in the overall Rs 500-600 crore raising plan to make Rs 1,900 crore debt from PE funds serviceable.
Selling pressure in banking and financial players dragged the markets lower as investors awaited the Fed meet’s outcome scheduled later in the day. Jitters over Chinese clampdown on tech firms, too, dampened the sentiments.
Birlas betting big on realty, lines up Rs 1,000-cr capex for Birla Estates this fiscalBirla Estates was launched as the real estate business vertical of Century Textiles in 2016, and has large land bank in Mumbai and its suburbs, Delhi-NCR, Bengaluru and Pune.
Larsen & Toubro is close to bagging its largest order ever as it has emerged the lowest bidder to construct a significant part of the Ahmedabad-Mumbai bullet train project.
Century Textiles Q2 results: Posts net loss of Rs 10.35 crThe company posted a "resilient performance amidst challenging market conditions on account of the pandemic-induced shutdowns," CTIL said in a post-earnings statement.
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FAQs
Is Century Textiles a good buy? ›
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Century Textiles & Industries Ltd is likely to Rise-somewhat in the short term.
What are the products of Century Textiles? ›Century Textile and Industries is a textile and paper manufacturing and export company based in Mumbai. The main business activity involves manufacture of cotton textiles, yarn, denim, viscose filament rayon yarn, tire-cords, caustic soda, sulphuric acid, salt, pulp, and paper.
What is the status of Sintex Industries share? ›...
Sintex Inds. Share Price Update.
| Share Price | Value |
|---|---|
| Today/Current/Last | 7.80 |
| Previous Day | 8.20 |
Mr. Vijay Kaul, Chief Executive Officer, Century Pulp and Paper. A respected veteran of the Pulp and Fibre industry, Mr. Kaul has worked with the Aditya Birla Group for close to four decades, during which he has handled many challenging assignments in manufacturing and in Sales & Marketing.
Who is the owner of donear? ›Donear was created in the significant year of 1977, promoted by Vishwanath Agarwal, Rajendra Agarwal and Ajay Agarwal. Within a short span of time it became a household name along with other Indian brands.
Is Century Textiles part of Aditya Birla Group? ›He also persuaded Basant Kumar Birla - the youngest son of G.D. Birla - to get involved. Century Textiles has been in the Birla fold since and B.K. Birla - referred to as "Babu" by all - still remains, at 90, its Chairman.
What is MXL finish? ›The MXL® process allows highest easy-care performance together with optimum retention of the strength properties. With the MXL® process the desired residual moisture content can be easily achieved, thus minimising the risk of over-drying.
Can I sell Sintex share? ›“In the above circumstances and to avoid market complications, trading in the securities of Sintex Industries Limited will be suspended with effect from March 22, 2022.” The assets of the company are being acquired by Reliance Industries jointly with Assets Care & Reconstruction Enterprise Limited.
Who is going to buying Sintex Industries? ›All that You Should be Aware of. A joint consortium of Reliance Industries and Assets Care & Reconstruction Company (ACRE) is known to have furnished an improvised offer of Rs.
Who is buying Sintex plastic? ›Welspun India: Welspun acquires 54% of Sintex BAPL debt - The Economic Times.
Who is the owner of Century Rayon Company? ›
By virtue of this agreement Century Rayon, a leading player in Viscose Filament Yarn business in India is now under the Management and Operation of Grasim Industries Limited belonging to Aditya Birla Group (ABG) with Mr. Kumar Mangalam Birla as its Chairman.
What is the size of Century paper? ›Company History - Donear Industries Ltd. 1977 - The company was incorporated during the year with an objective to provide high quality textile to the customers and within a short span of time it became a household name along with other Indian brands.
Is donear a good brand? ›Donear Industries Ltd is a reputed and fastest growing fashion fabric brand creating a wide variety of exotic; Suitings Trouser & Shirting Fabrics. The company is engaged in the manufacturing and marketing of fabrics. They manufacture suitings trouser and shirting fabrics in India and internationally.
Is it good to invest in Sintex Industries? ›Is Sintex Industries Ltd a good quality company? Past 10 year's financial track record analysis by Moneyworks4me indicates that Sintex Industries Ltd is a below average quality company.
How do you sell delisted shares? ›If a company is delisted, you are still a shareholder, to the extent of a number of shares held. And yet, you cannot sell those shares on any exchange. However, you can sell it on the over-the-counter market.
Is Reliance going to buy Sintex Industries? ›Reliance Industries-ACRE wins bid to acquire Sintex Industries, proposes to delist shares | Mint.
Why Sintex Industries share down? ›The joint resolution plan of RIL and ACRE has proposed that "existing share capital of the company shall be reduced to zero and the company will be delisted from the stock exchanges i.e. BSE and NSE". Insolvency proceeding against Sintex Industries was initiated in April last year.