Thanks Akshay, exactly on those lines are my questions.
Whatever I have read is that textile is a cyclical industry where India and China swap winning position every four or five years[1][2] but when I tried to validate this theory I couldn’t find out the multi-baggers of the earlier cycle(possibly between 2006-2010). Secondly I found people try to relate success of Indocount, Welspun India , Lambodhara with that of Page, Kitex , KPR but we all know that Page Industry and the like started their dream journey lot earlier even when cotton spinning industry was in doldrums.
[1]http://rakesh-jhunjhunwala.in/porinju-veliyaths-latest-stock-pick-looks-inspired-by-dolly-khanna-prof-sanjay-bakshi-kenneth-andrade-anil-kumar-goel/
[2]http://www.indiantextilejournal.com/News.aspx?nId=L6TbCr/tpyio3Omofi90Lw==
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