BIG POSITIVE for COTTON TEXTILE
US Senate passes bill to ban all products from China's Xinjiang.
Textiles (specially cotton)
~Produces 80% of China's cotton.
~35% market share in apparel exports of the global trade.
Textile Industry:Big step forward
Rodtep would lead to 4 pc gains per quarter. They have accrued it for Q4 and Q1 so 3 quarter gains would be 12 pc.
Gokaldas has booked 2 pc Rodtep in Q4. So it would improve liquidity in big way