Multibagger Textile Stocks In India 2024

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In India alone, the textile industry generates over $400 billion in revenue and employs over 4.5 crore people. This makes it the country’s 2nd largest employer by industry. 

The cumulative value of this sector is more than 50 billion dollars. Experts say that this is only the beginning and projection that by 2025 the textile industry is going to be worth 150 billion. 

Infosys 

In the year 2018-19, the textile sector shares 2% to the Indian economy. Additionally, the industry contributed 12% to export earnings and 5% to textiles and apparel global trade during the same period. 

Trident one of the best textile stocks under 100 Rs. Founded in the year 1990 the firm has gained a substantial base of reputation because of the quality it offers. 

Trident ltd.

Arvind Ltd is one of the top textile companies in India. From cotton shirts to denim and bottom-weight fabrics to much more, Arvind is one of the most recognized brands in India. 

Arvind Ltd.

This firm is mainly known for producing brilliant fabric. It is worth ₹9,968 cr and thus this is a significant amount to reckon with. Even though we find in this case that it has increased by a huge margin of 89.27% over the past three years 

Vardhman Textiles Ltd.

Raymond is a historic company in India having strong roots. In terms of stock price, we see that there is about 142% growth in the past twelve months. 

Raymond Ltd.

The USP of this firm is to make specialized ropes and twines. All of these are made out of synthetic materials. It is worth 7236 crores currently.  

Garware Technical Fibres Ltd.

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.