During Corona pandemic there was large amount of demand coming from countries like USA and European countries in textile sector. This sector is booming in India as other countries like Bangladesh was not able to supply the material to the European countries and USA including Canada.
There were some inherent problems in Bangladesh and other countries that were mainly producing yaarns and readymade clothes.
While India did not face any of such problem that other countries were facing for exporting the textile outputs to export in countries. It has given large opportunity for Indian companies like KPR Mills, Nitin spinners, Lakshmi machine works ( manufactures machinery for textile industry).
Here I have a good stock pick for you while it is not a stock recommendation as I am not SEBI registered.
I am bullish on KPR Mills at current market price Rs 1518. KPR Mills stock has huge upside potential and it may double in 2 years. My one year target of this is stock is 2500 you will get updates on this recommendation time to time but you should make it clear that it is not buy recommendation from my side as I am not SEBI registered.
