Latest news with #VardhmanTextilesLtd
Business Standard
2 days ago
- Business
- Business Standard
Volumes soar at Vardhman Textiles Ltd counter
Vardhman Textiles Ltd notched up volume of 2.33 lakh shares by 10:45 IST on BSE, a 17.48 fold spurt over two-week average daily volume of 13334 shares Hyundai Motor India Ltd, TTK Prestige Ltd, Brigade Enterprises Ltd, Jubilant Ingrevia Ltd are among the other stocks to see a surge in volumes on BSE today, 19 August 2025. Vardhman Textiles Ltd notched up volume of 2.33 lakh shares by 10:45 IST on BSE, a 17.48 fold spurt over two-week average daily volume of 13334 shares. The stock rose 7.68% to Rs.440.75. Volumes stood at 14612 shares in the last session. Hyundai Motor India Ltd witnessed volume of 2.61 lakh shares by 10:45 IST on BSE, a 6.05 times surge over two-week average daily volume of 43069 shares. The stock increased 2.77% to Rs.2,494.40. Volumes stood at 1.76 lakh shares in the last session. TTK Prestige Ltd recorded volume of 14144 shares by 10:45 IST on BSE, a 5.17 times surge over two-week average daily volume of 2734 shares. The stock gained 3.59% to Rs.667.15. Volumes stood at 7894 shares in the last session. Brigade Enterprises Ltd saw volume of 1.06 lakh shares by 10:45 IST on BSE, a 3.81 fold spurt over two-week average daily volume of 27758 shares. The stock dropped 0.48% to Rs.957.30. Volumes stood at 23145 shares in the last session. Jubilant Ingrevia Ltd recorded volume of 42882 shares by 10:45 IST on BSE, a 3.55 times surge over two-week average daily volume of 12092 shares. The stock gained 1.05% to Rs.715.25. Volumes stood at 7933 shares in the last session.
Business Upturn
2 days ago
- Business
- Business Upturn
Vardhman Textiles shares jump 7% as Govt removes duty on cotton imports till Sept 30
By Aditya Bhagchandani Published on August 19, 2025, 09:26 IST Shares of Vardhman Textiles Ltd rallied more than 7% to ₹439 on Tuesday, August 19, after the government temporarily removed the 11% customs duty on raw cotton imports. The exemption, effective from August 19 till September 30, is aimed at providing immediate relief to the textile and garment industry, which has been reeling under rising costs and global trade headwinds. In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said the exemption applies to both basic customs duty and Agriculture Infrastructure and Development Cess (AIDC). Industry players say the move will ease pressure on domestic manufacturers by aligning cotton prices in India with international benchmarks. The Confederation of Indian Textile Industry (CITI) welcomed the move, noting it had been a long-pending demand. 'CITI has long been requesting that the import duty on cotton be removed to help domestic cotton prices align with international prices. We, therefore, greatly welcome this measure taken by the authorities, even though the relief is only available temporarily,' said Chandrima Chatterjee, Secretary, CITI. The measure comes at a time when India's exporters are facing significant challenges in the US market, after Washington imposed 50% tariffs on Indian textile and apparel shipments—much higher than the 20% for Bangladesh, 19% for Indonesia and Cambodia, and 30% for China. Exporters have flagged concerns of revenue loss and the risk of ceding market share to rivals such as Vietnam and Bangladesh, which continue to grow at double-digit rates. India has set an ambitious target of achieving $100 billion in textile exports by 2030, but the industry remains at a competitive disadvantage. Exporters said while the duty exemption may not result in large additional shipments, it is an immediate confidence booster for the sector and could help cushion the blow from higher tariffs abroad. According to CITI data, India's exports to the US rose to $5.36 billion in the first half of 2024, up 12% from $4.79 billion a year ago, ranking the country third behind China and Vietnam. However, exporters warn that without tariff parity, India's gains could be temporary. Market experts believe the cotton duty exemption could benefit companies like Vardhman Textiles, Arvind, Welspun, Trident, and Raymond, which are heavily exposed to the yarn, fabric, and garment segments. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
New Indian Express
22-07-2025
- Business
- New Indian Express
Vardhman Textiles Q1 net dips marginally; textile revenue sees growth
CHENNAI: Vardhman Textiles Ltd's consolidated net profit for the April-June quarter of the financial year 2025-2026 declined to Rs 207.66 crore from Rs 239.79 crore in the same quarter a year ago. The textile manufacturer's revenue from operations in the reporting quarter was Rs 2,385.66 crore compared to Rs 2,308.59 a year ago. Shares of the company fell nearly 2% in intraday trading on NSE post the result announcement on Tuesday. Its core textiles business saw revenue grow to Rs 2,342.32 crore in the first quarter ended June, from ₹2,270.31 crore last year. Acrylic Fibers business saw modest revenue growth year-on-year to Rs 69.38 crore.
Business Upturn
08-07-2025
- Business
- Business Upturn
Vardhman Textiles shares jump nearly 7% as US slaps higher tariffs on Bangladesh exports
By Aditya Bhagchandani Published on July 8, 2025, 10:15 IST Shares of Vardhman Textiles Ltd surged by nearly 7% on Tuesday, July 8, reaching ₹532.85 in early trade, after the Donald Trump administration in the US announced a 35% tariff on imports from Bangladesh overnight. The stock gained ₹34.15 from its previous close of ₹498.70, supported by optimism that Indian textile exporters could gain from the policy change. The higher tariff on Bangladeshi goods, though marginally lower than the 37% proposed in April, is still much higher than the baseline 10% rate. The US also left the door open for negotiations before the new rates come into effect on August 1. Vardhman Textiles was not alone in its rally. Shares of Gokaldas Exports, KPR Mill, Arvind, Siyaram Silk Mills, and Nahar Spinning Mills also rose between 2% and 7% in early trade as investors bet on Indian firms benefiting from a shift in US orders. The move comes days after the US struck a trade deal with Vietnam, imposing 20% tariffs on Vietnamese exports and 40% on goods transshipped via Vietnam to evade duties. The tariff changes have boosted sentiment in India's textile sector, positioning domestic manufacturers to capture greater market share in the US. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
08-07-2025
- Business
- Business Standard
Volumes soar at Elgi Equipments Ltd counter
Elgi Equipments Ltd clocked volume of 18.75 lakh shares by 10:46 IST on BSE, a 187.19 times surge over two-week average daily volume of 10014 shares Vardhman Textiles Ltd, Trident Ltd, Alok Industries Ltd, Honasa Consumer Ltd are among the other stocks to see a surge in volumes on BSE today, 08 July 2025. Elgi Equipments Ltd clocked volume of 18.75 lakh shares by 10:46 IST on BSE, a 187.19 times surge over two-week average daily volume of 10014 shares. The stock gained 0.43% to Rs.534.60. Volumes stood at 3787 shares in the last session. Vardhman Textiles Ltd witnessed volume of 2.43 lakh shares by 10:46 IST on BSE, a 46.1 times surge over two-week average daily volume of 5276 shares. The stock increased 5.47% to Rs.525.45. Volumes stood at 4682 shares in the last session. Trident Ltd registered volume of 57.63 lakh shares by 10:46 IST on BSE, a 5.79 fold spurt over two-week average daily volume of 9.95 lakh shares. The stock rose 4.98% to Rs.32.68. Volumes stood at 7.96 lakh shares in the last session. Alok Industries Ltd witnessed volume of 97.82 lakh shares by 10:46 IST on BSE, a 5.18 times surge over two-week average daily volume of 18.89 lakh shares. The stock increased 14.85% to Rs.23.05. Volumes stood at 4.67 lakh shares in the last session. Honasa Consumer Ltd recorded volume of 76215 shares by 10:46 IST on BSE, a 4.46 times surge over two-week average daily volume of 17099 shares. The stock gained 0.83% to Rs.298.80. Volumes stood at 18632 shares in the last session.
