Textile stocks gain ahead of GST Council meet outcome
Textile stocks were trading higher ahead of the outcome of the meeting of the GST Council today. The government may ease norms for filing returns for small and medium traders, further easing the disruption created in the textile industry due to the twin blows of GST and demonetization, as per media report. Read More
Indorama Ventures completes acquisition of DuraFiber Technologies
Indorama Ventures Public Company Limited (IVL), a global chemical producer, has completed the acquisition of DuraFiber Technologies México Operations, S. A. DE C. V. (Durafiber), a leading Mexican producer of durable technical textiles for industrial, tire reinforcement, and specialty applications globally.Read More
RSR Mohota Spinning hits fresh 52 week high
Rai Saheb Reckhchand (RSR) Mohota Spinning & Weaving Mills gained on BSE on the closing hours of Thursday’s trade.The stock traded in its fresh 52 week high of Rs 262.95 per share on Thursday’s trade and witnessed a spurt in volume by more than 1.74 times.Read More
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