The stocks in the sector are also ripe for a re-rating as robust export opportunities give strong and sustainable earnings visibility
Stocks like Asian Paints, Astral, Balrampur Chini, Birlasoft, Carborundum Universal, eClerx, Infosys, Max Healthcare, Tube Investments and Torrent Pharma and others are trading at life-time highs
Major textile stocks are witnessing sideways to breakout formations, this may see stronger interest of market participants.
In the past 11 trading days, KPR Mill's market price has advanced 16 per cent after the company announced the successful commissioning of its new 42 million garments production capacity at Tamil Nadu.