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Textiles

India Union Budget 2006-07- Outlook

28 Feb '06
1 min read
Welspun up Rs1.85 and Century textiles Rs 2.10 up

Arvind Mills Rs0.60 down Grasim Rs45.50 up.

Provogue 1.40 up and Raymond 6.45 up.

Sensex 10341.23 up 59 points.

Excise duty on farm and process food may be abolished.

Market holdings 70 points up.

Reliance shares up Rs 2.45.

Excise duty likely to cut.

DMT MEG and PTA excise duty may go down.

5-10 percent import duty reduction in raw material.

Custom duty is likely to cut on Naphtha 10-5 percent.

Duty cuts on man made fibre (MMF) likely.

Textile industry may get new export incentives.

Synthetic POY, PSF and NFY – duties may go down.

S Kumars century textile, Arvind mills stock have gone up on the eve up budget.

Sensex today opened at 10334 sensex up 52 points at 10334.

S kumar opens Rs. 1.15 up.

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