Bulk Deal: 2 Textile stocks jump up to 8% after FIIs acquired stake in the companies
Two textile stocks started gaining momentum after Pine Oak Global Fund acquired stakes in Vardhman Polytex and Candour Techtex through bulk deals. This is an indication that foreign investors are taking interest in turnaround investments as well as speciality textile companies, despite the cyclical demand pressures faced by the textile industry.
Two textile stocks started gaining momentum after Pine Oak Global Fund acquired stakes in Vardhman Polytex and Candour Techtex through bulk deals. This is an indication that foreign investors are taking interest in turnaround investments as well as speciality textile companies, despite the cyclical demand pressures faced by the textile industry.
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