Shares of Indian textile and garment companies surged amidst political unrest in Bangladesh, raising hopes of potential benefits for India. Analysts remain cautious about short-term gains, highlighting uncertainties about India’s production capacity and brands’ reaction. Textile stocks have shown strong returns this year, but current market gains could be short-lived.
CG Power’s growth momentum strong, but valuation comfort missing: Sandip Sabharwal
CG Power expands its switchgear production, signaling strong demand in the power equipment sector. However, market expert Sandip Sabharwal warns that valuations for companies like