NEW DELHI: Seasoned investor Anil Kumar Goel increased his stake in multibagger Nahar Spinning Mills while Dolly Khanna’s name was also among key public shareholders in the company as of March 31, the latest shareholding pattern suggests.
Anil Kumar Goel held 17,56,400 shares or 4.87 per cent stake in Nahar Spinning Mills as of March 31, 2022, which was higher than 16,67,000 shares or 4.62 per cent stake as of December 31, 2021.
His better half Seema Goel also increased her stake in the company to 6,12,000 shares or 1.70 per cent from 5,40,000 shares or 1.50 stake sequentially.
Together the couple held a 6.57 per cent stake as of March 31 compared with 6.12 per cent at the end of the December quarter.
Dolly Khanna, another seasoned investor, held 3,81,973 shares or a 1.06 per cent stake in this company as of March 31. She was not among shareholders with over 1 per cent stake in the company as of December 31, BSE data suggests.
The scrip has rallied a massive 457 per cent in the last one year.
The textile company deals in woollen products like pullovers, cardigans, shirts, coats, baby suits, mufflers, shawls, blankets, and knitting wool.
It makes blended knitted hosiery pullovers, t-shirts, ladies tops, winter thermals, tracksuits, jackets and hoodies.
Besides, it offers yarn of all types, woollen, woollen blended, Cotton, polyester cotton, mercerised gassed yarn and organic cotton yarn, among others.
Analysts noted that textile is one of the few sectors that is witnessing early signs of sustained structural growth on account of China + 1 sourcing strategy and the same is driven not only by supply chain de-risking by global exporters but also on account of geopolitical development.
They noted that global textiles and apparels exports are a $775 billion per annum opportunity and even a 1 per cent shift in overall trade opens an $8 billion opportunity for India.
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