India’s textile industry, a crucial segment of its economy, is gaining momentum as global supply chains evolve. Instability in traditional textile hubs like China and Bangladesh has created opportunities for India, with global buyers increasingly turning to the country for their sourcing needs. India’s strong raw material base, skilled labor force, and government support, including the PLI schemes and free trade agreements, bolster its competitive edge in the global market.
Prominent players like Welspun, Trident, Himatsingka, and Raymond Lifestyle are at the forefront of this growth. Welspun, known for its innovative home textiles, and Trident, a leader in towel manufacturing, are expanding their global footprints.
Himatsingka and Raymond Lifestyle are pioneering in premium fabric and garment sectors, further establishing India’s leadership in textile manufacturing. With rising demand for sustainable textiles, India is well-positioned to capitalize on global opportunities.
Share Price
The shares of Himatsingka Seide Ltd are currently trading at Rs. 209.6 up by 7.59% from its previous close of Rs. 194.82 as of December 9, 2024. The stock also hit an intraday high of Rs. 211.76 during the trading hours.
Block Deal
The Royal Bank of Scotland Plc, acting as trustee for the Jupiter India Fund, sold a 0.5% stake in Himatsingka Seide at an average price of Rs 195.22 per share on December 6, 2024. The transaction, valued at Rs 13.48 crore, was executed through a block deal.
As of October 2024, the Jupiter India Fund held a 5.01% stake in the company. However, as of now, there has been no public disclosure regarding the buyer of the shares in this transaction although the stock is currently trading at 52 week high after the block deal.
Also read…..
About the Company
Himatsingka Seide Ltd. is a vertically integrated global textile major that designs, develops, manufactures, and distributes a wide range of home textile products. The company operates large-scale manufacturing capacities for bedding, bath products, drapery, upholstery fabrics, and fine-count cotton yarn.
Himatsingka supplies home textiles for over 12 global brands, both licensed and owned. Notably, it holds exclusive licensing rights for iconic global brands like Calvin Klein, Tommy Hilfiger, Kate Spade, and Waverly.
The company also entered into a licensing agreement with The Walt Disney Company, enabling it to manufacture and distribute home textile products inspired by popular Disney franchises, including Disney, Marvel, Pixar, and Lucas, aiming to expand its reach in the European region.
Conclusion
Himatsingka Seide Ltd demonstrates resilience and strategic positioning in the dynamic global textile industry. The recent block deal by the Royal Bank of Scotland acting as a trustee for Jupiter India Fund, involving a 0.5% stake sale, reflects ongoing investor interest.
With its vertically integrated operations, exclusive licensing agreements for renowned brands like Calvin Klein and Disney, and a strong manufacturing base, the company is well-placed to capitalize on the evolving global textile market. The stock’s performance and strategic partnerships underscore its potential for future growth and market expansion.
Written By: Dipangshu Kundu
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
