A clear thesis evolving despite pessimism in the sector
For sometime the textile sector has been impacted due to slower offtake in export markets and large inventories, but the same seems to be turning around (even though UK FTA is sometime away) , PGIL in last 4 quarters has stabilized the numbers despite the headwinds. The same can be seen in the price which has been rangebound for sometime with a breakout retest pattern emerging. Today block has happened in the stock. Would be interesting to see how this scrip pans out
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