Now Reading: Motilal Oswal picks Arvind among five textile stocks with upside
-
01
Motilal Oswal picks Arvind among five textile stocks with upside
Motilal Oswal picks Arvind among five textile stocks with upside
The textile sector outperformed the broader market in the first quarter of FY27, reporting 18% year-on-year growth on a favourable low base, according to domestic brokerage Motilal Oswal. Higher order execution and…
The textile sector outperformed the broader market in the first quarter of FY27, reporting 18% year-on-year growth on a favourable low base, according to domestic brokerage Motilal Oswal. Higher order execution and improved margins, aided by lower raw material costs, also supported the sector's performance.
Motilal Oswal has identified five textile stocks with double-digit upside potential, including Arvind Ltd. The brokerage set a target price of Rs 500 for Arvind, implying about 23% upside from its current level near Rs 404. Other picks include Trident, Vardhman Textiles, KPR Mill and Alok Industries.
The brokerage cited Arvind's diversified business model across textiles, engineering and telecom as a key strength, along with its focus on debt reduction and working capital management. Investors will watch for the company's quarterly earnings and order book trends to validate the call.
Indian Opinion Analysis
The brokerage cited is Motilal Oswal, a well-known domestic financial services firm whose stock recommendations carry weight with retail and institutional investors in India. Its 'buy' call on Arvind reflects the broader optimism in textiles, a sector that contributes significantly to India's export earnings and industrial employment. The key numbers to watch are Arvind's next quarterly results, as the low base that boosted Q1 FY27 growth will begin to fade, and global demand signals for Indian textile exports, which directly affect order books. If price triggers such as a sustained fall below the brokerage's support level materialise, the buy thesis would need re-evaluation.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
