Home / Knowledge / News / Textiles / Indian textile & apparel stocks plummet this month

Indian textile & apparel stocks plummet this month

Mar '20
Pic: Shutterstock
Pic: Shutterstock
As India stands at the border of entering Stage III of the dreaded Coronavirus (Covid-19) pandemic, stock prices of textile and apparel retail companies have seen a drastic fall on the Bombay Stock Exchange (BSE). Though the first virus case was detected in the country on January 30 this year, the disease became severe from the beginning of this month.

Welspun India Limited, Asia's largest and the 2nd largest terry towel producer in the world, saw its stock price falling by 36.18 per cent on the BSE from ₹41.45 at close on March 2 to ₹26.45 at close on March 19. Share price of The Bombay Dyeing and Manufacturing Co Ltd, the flagship company of the Wadia Group, engaged primarily in the business of textiles, fell from ₹68.90 on March 2 to ₹42.10 on March 19, showing a drop of 38.89 per cent.

Home textiles company Indo Count Industries Limited witnessed its share price declining by 45.8 per cent from ₹53.6 on March 2 to ₹29.05 on March 19 on the BSE. Likewise, stock price of Grasim Industries Limited, a flagship company of the $48.3 Billion Aditya Birla Group, fell 26.62 per cent during the period to close at ₹491.6 on March 19.

Stock price of V-Mart Retail Limited, which retails readymade garments and accessories, declined 20.97 per cent to ₹1643.15 on March 19 from ₹2,079.05 on March 2. Department store chain Shoppers Stop Limited, owned by the K Raheja Corp, also saw its share price falling from ₹368.95 to ₹225.10, a sharp fall of 38.98 per cent during the period under discussion.

Share price of garments, textiles, and accessories retailer V2 Retail Limited nosedived 53.21 per cent to ₹37.05 from ₹79.20 on March 2. The Mandhana Retail Ventures Limited, which designs and sells clothing under Being Human trademark, also felt the virus impact and its share prices fell 30.47 per cent during the period.

Page Industries Limited, the licensee of Jockey International and Speedo in India and Sri Lanka, however, saw a comparatively lesser fall of 16.09 per cent in its share price from ₹21,596.80 to ₹18,120.20 on March 19.

Click here to see share price comparison in tabular form

Fibre2Fashion News Desk (RKS)

Must ReadView All

Pic: Shutterstock

Textiles | On 6th Mar 2021

USTR releases 2021 President’s Trade Agenda, 2020 Annual Report

The Office of the United States Trade Representative recently...

Pic: Jilsander

Fashion | On 6th Mar 2021

Italy's OTB acquires Jil Sander brand from Onward Holdings

Japan's Onward Holdings has announced selling its loss-making Jil...

Pic: Shutterstock

Apparel/Garments | On 6th Mar 2021

Garment industry coalition calls for democracy restoration in Myanmar

A coalition of nine EU and US initiatives linked to the garment,...

Interviews View All

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Top executives, Retailers

Top executives

Weak rupee breeds inflation

Alphonse Reddy,

Alphonse Reddy

Bangalore-based Sunday designs and makes mattresses and accessories that...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Asif Rahman, MIP

Asif Rahman

MIP is a manufacturer and distributor of high-performance textiles and...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

March 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search