scorecardresearchMultibagger textile stock hits 52-week low; down 55% from recent high

Multibagger textile stock hits 52-week low; down 55% from recent high

Updated: 21 Jun 2022, 09:16 AM IST
TL;DR.
The textile industry was hit by all-time high cotton prices. Domestic cotton prices have risen 90% year-on-year to 272/kg. Indian textile players witnessed a decline in market share in the US. 
Vardhaman Textiles reported a 50 per cent increase in its standalone profit after tax to  <span class='webrupee'>₹</span>322.7 crore for the quarter ended March 31, 2022.

Vardhaman Textiles reported a 50 per cent increase in its standalone profit after tax to 322.7 crore for the quarter ended March 31, 2022.