Penny stocks have intrigued investors for a long time. Those looking to strike gold in the stock market often elect to go the penny stocks way.
Among various industries, the textile sector has emerged as an attractive avenue for those seeking potential growth opportunities.
Textile companies include manufacturers of fabrics, clothing, and related products, with varying degrees of market presence and operational stability.
The sector’s volatility has kept the companies in check as majority of textile players export their products to US and European markets. So if at all there’s a chance of recession anytime, demand gets severely hit.
There’s also the factor about cotton prices.
Combine these factors with the volatility of penny stocks and the outcome would be very hard to guess.
Here are the top penny stocks from the textile space. These companies are trading at less than Rs 100 per share.
It’s important to do your due diligence before investing and consider only the fundamentally strong stocks as the sector is cyclical in nature.
Jul 19, 2023
Dolly Khanna has increased her stake in these two companies. Do you own them?
May 20, 2023
These textile stocks are trading at mouth-watering valuations. But is the risk reward set up in investors' favor?
May 8, 2023
TCNS Clothing share price crashes 19% in a day, the biggest single-day drop since its IPO. Here's why.
Apr 29, 2023
Two ace investors pick additional stake in this smallcap textile company. What's brewing?
Jan 2, 2023
Here's why shares of the company have fallen over 9% in a month.
Nov 14, 2022
The ace investor picked additional stake in this textile company, which is also a beneficiary of government's PLI scheme.
Sep 19, 2022
Forget economic cycles and commodity cycles... Here's a structural shift that could help you with sustainable investing returns
Feb 11, 2022
These companies could be the biggest beneficiaries of a major turnaround in the Indian textile industry.
Jul 28, 2021
Is the textile sector a structural or cyclical buy?
Jun 15, 2023
Find out why this fund manager turned bullish on the largest producer of PV dyed yarn in Asia.
May 9, 2023
This textile company's share price zooms 20% in five days after announcing share buyback. More details inside...
May 5, 2023
After delivering multibagger returns of 400% in a year, the stock slipped 54% in five days. Here's why.
Mar 22, 2023
Textile companies have grabbed market share from China in the export market. But Trident has fell short of expectations and hasn't lived up to the hype.
Dec 30, 2022
Find out what 2023 has in store and how the traditional investing approach may not work.
Sep 29, 2022
A falling rupee doesn't mean you need to suffer in silence. There are ways to profit from it too.
Sep 13, 2022
A lot of print space and prime time is wasted on predicting macros and cycles and taking cues from it to pick stocks. This is a complicated exercise that no one has been consistently good at.
Feb 7, 2022
China plus one strategy, the GST council's move to defer the rate hike, rising consumption, and other reasons have sent textile stocks soaring.