Thank you Dheeraj for pointing out the other thread, I had searched for "Stovec" before starting this thread. Apologies for duplicate thread. Request admin to take appropriate action.

I am a bit skeptical on "Textile Industry revival", can you please help me with some data/ground report that says textile industry is on upswing? Pardon my skepticism.

Also I have few more questions, if you know answers any of them, please provide them.

• Who are Top 5 customers of Stovec?
• What is the price of say one Textile printing machine, one rotary screen, one sugar screen etc.? How does that compare with competition?
• What is the life of these parts (1 year? 2 years? 3 years? more?)? Does newer generation of products have better technology/better productivity than older parts? Do companies have motivation to move to newer parts?

I am trying to find answers to these questions. If you do, please share with us.

Thanks,
Rupesh

What I understand is most of the seeds sold (>90% volumes) are BG II version which is "seems" to be patented by Monsanto and most news articles continue to talk only about BG I.

First post article - Copying some text from the news

Quote: Monsanto India’s CEO Shilpa Divekar Nirula says in "assessment less than five percent" of Bt cottonseed used in India has the off-patent gene. The rest is Bollgard II, which "offers a broader spectrum of control" as it has two insecticidal proteins. This ‘event’ was approved for commercial release in 2006. Currently, Mahyco-Monsanto is conducting trials on Bollgard III, which has a combination of three Bt genes, but the one immediately in the pipeline is a seed with both insect resistance (Bt) and herbicide tolerance.

"Labour and the availability of labour at specific times in the crop cycle is becoming increasingly challenging," says Nirula. Though wages rates have moderated of late and commodity prices have fallen, "they are trending upwards," she says. Earlier, weeding was done manually but "a lot of times we find farmers leaving weeds in the field."
Labour cost is the biggest component in the cost of cotton cultivation, according to the official national sample survey.
"We spend a lot on weeding and on spraying chemicals," says Rustam Jamaluddin Turak of village Selsura in Wardha district. "We have to pay Rs 300 a day. Earlier, I used to spray myself but I am 68 years old. I did not engage labourers but now I cannot manage it and my children do not like to work on the farm."
"We need technology that can deal with pests that curls the leaves, and kills weeds," says Jayantibhai Gajera of village Biliyara in Rajkot district. "I heard it is going to come," he adds.
But the attitude of state governments to agricultural biotechnology and private seeds is quite unhelpful. Instead of getting out of the way when not part of the solution, they have become part of the problem.

Two related announcements in BSE:

18 Sep 2015 13:12
Kitex Garments Ltd has informed BSE that the Company proposes to launch its own brand of infants wear labeled "Little Star" in US Market by October, 2016.

18 Sep 2015 13:13
Kitex Garments Ltd has informed BSE that KITEX USA LLC is scheduled to open its office in New Jersey by October 05, 2015. Through Lamaze Brand a turnover of USD 50 million is targeted within next five years.

Dhiraj - All 3 stocks are for long term - as of today lets say over and above 2 yrs. Unless delta corp breaks out and goes really high discounting long term.

Coverage in ET today