According to an industry expert, companies such as Trident, Welspun India, Arvind, KPR Mill, Vardhman Textiles, Page Industries, Raymond, and Alok Industries stand to gain, as revenue from the US market accounts for 20-60 per cent of their earnings.
It also asked why the data shared pertained to a period from April 2019 even though the scheme for anonymous political funding was introduced in 2017.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
The S&P BSE Sensex and the Nifty50 have hit record highs amid the poll outcome-triggered bull frenzy at the bourses. Most analysts feel that the indices are on course to rise further over the next few months - till the general elections - albeit amid intermittent corrections - largely triggered by global developments. Bharatiya Janata Party's (BJP's) win in the three state elections of Madhya Pradesh (MP), Rajasthan and Chhattisgarh, analysts at Jefferies believe, reinforces the consensus expectations of a Modi win 2024 national elections with a greater likelihood of over 300 seats for the BJP.
Companies are sending representatives to Bihar, UP, Jharkhand and Odisha to persuade workers to join them.
The government had reduced the duty drawback rates by 20-35 per cent on various textile products, the move which was proving detrimental to the growth of industry. Punjab's total yarn and textile export stands at Rs 2,223.38 crore (Rs 22.23 billion) as on March 31, 2008. 81420
Top companies added employees at 3% CAGR from 2003-04 to 2013-14, while revenues grew at 18%.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
'Stumbling blocks teach a lot and should be taken as stepping stones.'
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
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