Upward trend

INVESTING INSIGHT

The stocks of companies engaged in the cotton yarn spinning, weaving and textiles business have witnessed an upward trend in the last three months from September to November on the Bombay Stock Exchange (BSE).

Share price of Arunoday Mills rose from Rs 3.99 on September 1, to today's close of Rs 8.61, up 115.8 per cent on the BSE.

During the same period the stock price of Bengal Tea & Fabrics increased from Rs 12.30 to Rs 31.93, up by roughly 159.59 per cent.

Bhilwara Spinners increased from Rs 5.90 to Rs 14.17. Ashima gained from Rs 15.50 to Rs 23.20, up 49.67 per cent.

Bombay Dyeing gained from Rs 161.19 to Rs 212.30, Gangotri Textiles rose from Rs 74.95 to Rs 105.35 up 40.96 per cent, and Cheslind Textiles rose from Rs 23.05 to Rs 29.60.

Emtex Industries doubled from Rs 3.48 to Rs 6.90.

Eurotex Industries and Exports rose from Rs 31.60 to Rs 43.90 and Ginni Filaments rose from Rs 14.00 to Rs 18.22. Loyal Textiles increased from Rs 146.75 to close at Rs 164.50.

GTN Textiles increased from Rs 50.45 to Rs 67.45 while Hanjer Fibres doubled to Rs 4.45 from Rs 2.60. Hindoostan Spinning rose from Rs 21.90 to close at Rs 29.20.

JCT increased from Rs 5.27 to Rs 7.37 and Indo Count Industries rose from Rs 12.01 to Rs 14.70. Mafatlal Ind increased from Rs 18.80 to Rs 29.25. Lakshmi Mills rose from Rs 430.70 to Rs 549.04.

MH Mill Industries closed at Rs 9.25 compared with Rs 5.75 and Morarjee Goculdas moved up from Rs 55.90 to Rs 82.15.

Malwa Cotton Spinning rose from Rs 55.15 to Rs 83.15 and Pasari Spinning Mills increased from Rs 4.20 to close at Rs 6.05.