I bought Nitin Spinners at Rs 211 because Textiles have a bright future

All Textile stocks are recovering after being in the doldrums for the past 12 months. Government initiatives like signing of FTAs with multiple countries & stability in export incentive policy will provide robust opportunities for Indian exporters.

CNBC TV18 says that Textile stocks are up in trade and excited because 🤔

👍 Low inventories
🤞🏻 Optimism on Demand in H2
✍️ Hopes on FTA agreement
🤞🏻 Spreads hopefully improve

Nitin Spinners is one of the best stocks in the textile sector. It is quoting at a P/E of 12 and has a dividend yield of 1%.

The stock is also in the portfolio of Dolly Khanna. She holds 764,793 shares. Dolly Khanna has other textile stocks in her portfolio such as Monte Carlo Fashions, KCP Ltd and Deepak Spinners.

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