These fashion stocks delivered handsome returns of up to 124 per cent so far in 2022!

The Indian textile sector is the second-largest employment provider in India after agriculture. It supports 4.5-5 crore people in allied sectors, including 35.22 lakh handloom workers across the country. 

The PLI Scheme of Rs 10,683 crore is expected to be a major booster for textile manufacturers. It proposes to incentivise manmade fibre (MMF) apparel, MMF fabrics and 10 segments of technical textile products. 

Seeing the future potential, Indian textile companies have already lined up investments for future capacity expansion. Companies like Trident, Welspun, KPR Mills, Indo Count, Raymonds and Mafatlal have announced significant investments in areas like home textiles, denim and garmenting. 

On the other hand, large Indian players such as Arvind Mills, Welspun India, Alok Industries and Raymonds have established themselves as ‘quality producers’ in the global market. This recognition would further enable India to leverage its position among global retailers.

Below is a complete list of fashion stocks that have gained up to 124 per cent in 2022 so far: