 "Textile shares surge; Himatsingka Seide up 10%")
Shares of textiles companies have rallied by up to 10% each on the bourses amid reports that the textile ministry is seeking lowest slab of the proposed Good and Services Tax (GST).
JBF Industries and Himatsingka Seide are locked at the upper circuit of 10% at Rs 216 and Rs 180 on the BSE respectively.
Lambodhara Textiles (up 9% at Rs 836), Nandan Denim (8.5% at Rs 120), Century Textiles (4% at Rs 575), KPR Mill (4% at Rs 718), Vardhman Textiles (2% at Rs 890) and Ambica Cotton Mills (2% at Rs 760) are the other significant gainers.
The Textiles Ministry is making out a case for keeping the industry in the lowest slab of the proposed Goods and Services Tax (GST) and has pitched for the same to the Finance Minister, the PTI report suggests. CLICK HERE TO READ FULL REPORT.
The minister also outlined the ambitious goal of raising India's share in global textile exports to 10% in the next 5 years, from the current 5%, the report added.
JBF Industries and Himatsingka Seide are locked at the upper circuit of 10% at Rs 216 and Rs 180 on the BSE respectively.
Lambodhara Textiles (up 9% at Rs 836), Nandan Denim (8.5% at Rs 120), Century Textiles (4% at Rs 575), KPR Mill (4% at Rs 718), Vardhman Textiles (2% at Rs 890) and Ambica Cotton Mills (2% at Rs 760) are the other significant gainers.
The Textiles Ministry is making out a case for keeping the industry in the lowest slab of the proposed Goods and Services Tax (GST) and has pitched for the same to the Finance Minister, the PTI report suggests. CLICK HERE TO READ FULL REPORT.
The minister also outlined the ambitious goal of raising India's share in global textile exports to 10% in the next 5 years, from the current 5%, the report added.