In 2014, China’s central bank declared that credit outflows to oversupplied industries would be curtailed, including certain chemical industry segments. In June 2018, the United States announced it would apply a 25% tariff on $50 billion worth of Chinese imports over two phases. China replied by placing a similar tariff levy on US products worth $50 billion.
Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?
Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Global and Welspun Living. The brokerage