Bangladesh is just one reason, there is more to it: 4 garment makers with an upside potential of up to 34%
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3 months ago
After the recent political development in Bangladesh, there has been talks of how that will impact the Indian textile industry. Now that is where we need to understand that any development in Bangladesh, impacts one segment of a very broad textile industry. Which is a garment manufacturer’s who cater to the local market with some brands and also are into exports to US retail or work as contract manufacture for global brands present in India. The essential hope is that due to turmoil, the buyers, which are largely US retail chains, would give more orders to Indian companies so that they are sure of delivery at the time of holiday season. But there is another part of the story, which is that some of the Indian companies also have their units in Bangladesh and there could be some disruption so it would be better to be selective when picking stock just on the basis that there is turmoil in Bangladesh.
Economic Times