TEXTILE POLICY
Created by: Investak Date Created: 16-09-2016 Date Rebalanced: 22-12-2017To create more than one Crore new jobs in next 3 years, the Indian government approved the Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) with a special package of INR6,000 Crores for textile and apparel sectors. The policy is also likely to attract significant investments in the sector and provide a big push to textile exports from the country. OBJECTIVES AND SOPS: Under the policy, the Government proposed to provide an additional 10% Capital Investment Subsidy (CIS) for garment units, which have availed 15% CIS benefit under Amended Technology Upgradation Funds Scheme (ATUFS) based on the achievement of projected production and employment for a period of 3 years. The period of 3 years will be counted from the date of release of ATUFS subsidy to those units, providing a further incentive for the investments in the sector. Based on positive impact of the policy on the textile sector, we chose some quality stocks, which are fundamentally good and are amongst the most appropriate beneficiaries of the measure.
| Weight | Segment & Stocks | Symbol | Price | Market Cap | 1 Year Return | |
|---|---|---|---|---|---|---|
| 78.4% | Textiles | |||||
| 17.83% | Garware-Wall Ropes Ltd | GARWALLROP | Rs. 1226.45 | Rs. 1,970Cr. | 123.54% | |
| 15.20% | Himatsingka Seide Ltd | HIMATSEIDE | Rs. 291.00 | Rs. 38Cr. | 34.70% | |
| 17.50% | Vardhman Textiles Ltd | VTL | Rs. 1216.35 | Rs. 6,675Cr. | 12.11% | |
| 11.87% | Trident Ltd | TRIDENT | Rs. 61.20 | Rs. 44Cr. | 90.03% | |
| 15.97% | Ambika Cotton Mills Ltd | AMBIKCO | Rs. 1295.00 | Rs. 742Cr. | 60.83% | |
| 21.6% | Readymade Garments/ Apparells | |||||
| 21.63% | K P R Mill Ltd | KPRMILL | Rs. 628.70 | Rs. 57Cr. | 27.66% | |
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| Index
A stak index shows a stak’s performance. It is set to 1000 at its inception date and moves up/down daily. If it is above 1000, it means that the stak has given positive returns since inception and is shown in green and if below 1000, the stak has given negative returns since inception and is shown in red.
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907.55 |
| 1 Month Return | 0.98% |
| 1 Year Return | -4.33% |
| Dividend Yield
The dividend yield for a stak is calculated as a weighted composite of the cash dividends for the stocks in the stak. So for example: a dividend yield of 5% indicates that if a person had invested Rs.100 in the stak one year back, he would have got Rs.5 as dividends.
|
0.64% |
| Min. Investment
This is the minimum amount of investment required to invest in the stak in the prescribed weights. Based on the stock price of each stock in a stak, and their prescribed weights, we calculate a minimum amount that allows you to buy all stocks at the prescribed weights.
|
Rs. 7077.20 |
Summary
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INTRODUCTION OF GOODS AND SERVICES TAX
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