by Jessica | Jul 31, 2023 | Finance & Economy
With various industries vying for investors’ attention, investing in the stock market may be a frightening concept. The chemical industry stands out as a promising and possibly rewarding investment opportunity among the many industries. Chemical businesses play...
by DIGITAL MEDIA EXECUTIVE | May 27, 2023 | Business & Policy
The stock fell 15% in early Friday trading after Page Industries reported a 59% year-over-year (YoY) decline in net profit for the quarter ending March 31, 2023. Brokerage opinions on the stock outlook are still divided; Morgan Stanley recommends...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | Textile Industry
According to those with knowledge of the situation, the Gujarati city of Surat’s textile sector is experiencing a financial crisis that has led to a 30- 40% decline in production. Many factory owners have also cut back on work hours to four or five days per...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | News & Insights
“There was a shortage of clothing throughout the nation immediately following the Covid-19 outbreak and the subsequent lockdown. As a result, Surat gained enormous advantages. This was brief since Surat is a centre for synthetic fibres, particularly sarees and...
by DIGITAL MEDIA EXECUTIVE | May 11, 2023 | Business & Policy
This spring, Spectro Coating in Leominster, Mass., USA, shut its doors. Spectro was one of the largest flock providers in the US and several factors were involved with their decision to close. For one, the owners – Hemendra Shah and his son, Raj Shah –...
by DIGITAL MEDIA EXECUTIVE | May 9, 2023 | Garment
Analysts warned of short-term profitability risks for Aditya Birla Fashion and Retail (ABFRL) with its most recent purchase, and the street rejected the agreement between ABFRL and TCNS Clothing. Shares of the Aditya Birla group company fell 6.2% on the stock exchange...
by DIGITAL MEDIA EXECUTIVE | May 4, 2023 | Corporate Update
According to the latest Manufacturing ISM® Report On Business® from the nation’s supply executives, the manufacturing sector’s economic activity shrank in April for the sixth consecutive month after 28 months of gain. Timothy R. Fiore, CPSM, C.P.M., Chair...
by DIGITAL MEDIA EXECUTIVE | Apr 20, 2023 | cotton industry, COTTON PRICE
According to the industry’s monthly revision, India’s cotton production has been further down to 303 lakh 170 kg bales. It is important to note that India’s estimated cotton production for the marketing year 2022–2023 (October–September) is now lower...
by DIGITAL MEDIA EXECUTIVE | Mar 24, 2023 | Market Reports
The leading innerwear manufacturer Page Industries’ stock has been in a decline since its October 2017 high, losing just over 30% of its market value. The stock has been downgraded as a result of increased competition intensity, low volumes, pressure on margins,...
by DIGITAL MEDIA EXECUTIVE | Mar 15, 2023 | Corporate Update, PRICE REPORT
Shubhalakshmi Polyesters Ltd (SPL) and Shubhlaxmi Polytex Ltd were recently acquired by Reliance Polyester Ltd, a division of Reliance Industries Ltd (RIL) (SPTex). The acquisition of SPL and SPTex for 1,522 crore and 70 crore, respectively, was announced by Reliance...
by DIGITAL MEDIA EXECUTIVE | Mar 10, 2023 | Business & Policy, Finance & Economy
The viscose staple fibre (VSF) division of Grasim Industries Ltd. has had a difficult time. Over the nine months ending in December, the segment’s performance suffered from a decrease in demand and an increase in input costs. The VSF business’s Ebitda...
by Manali bhanushali | Jul 12, 2021 | Home Textiles, News & Insights
Trident has published its June 2021 production statistics. Trident stock was trading around the day’s high on Monday. Trident produced 4,363 metric tonnes of bath linen and 2.8 million metres of bed linen in the home textile sector. The total amount of yarn...