Analysts believe, the textile space witnessed a healthy consolidation in past couple of years and is now resuming the upward momentum.
Siyaram Silk Mills hit a new high of Rs 937.85, as they rallied 12 per cent on the BSE in Friday's intra-day deal in an otherwise weak market after the company launched Cadini Italy Perfumes in India
Siyaram Silk Mills stock hit a high of Rs 788, and was trading at its highest level since December 2017 in an otherwise subdued market on expectation of strong earnings.