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Ambika Cotton, Ather Ind, Pearl Global: Bonanza bullish on these 3 stocks
Kunal Kamble, technical research analyst at Bonanza decodes technical charts of Ambika Cotton Mills, Ather Industries and Pearl Global Industries to explain why he is bullish on these 3 stocks.
Ramaraju Surgical Cotton Mills consolidated net profit declines 18.84% in the March 2026 quarter
Sales rise 50.98% to Rs 181.09 crore
Sri Nachammai Cotton Mills reports standalone net loss of Rs 5.07 crore in the March 2026 quarter
Sales decline 18.73% to Rs 14.88 crore
Textile industry seeks removal of cotton import duty
India's textile sector faces challenges from high cotton prices and declining production. The industry is urging the government to cut import duties and create a strategic cotton reserve. Improved credit access is also crucial for mills. These measures aim to boost competitiveness and sustain operations against global rivals.
War hits Indian factories, but yarn makers spin export boom to China
Indian cotton yarn factories are increasing output to meet unprecedented demand from China. Disruptions from the Middle East war have impacted global trade routes. This situation, coupled with a weaker rupee, makes Indian yarn more attractive to Chinese buyers. Mills in Gujarat are particularly benefiting from their proximity to cotton sources and ports. Orders are already booked for months ahead.