Textile stocks in focus; Nitin Spinners, Filatex, Lambodhara zoom up to 16%

Lambodhara Textiles hit a 52-week high of Rs 164, surging 16% in the intra-day trade toda. The stock has rallied 30% in the past two trading days

Shares of select textile companies rallied up to 16 per cent on the BSE in Monday's intra-day trade on the back of heavy volumes and on expectations of improved outlook.

Lambodhara Textiles (LTL), Nitin Spinners, and Filatex gained in the range of 9 per cent to 16 per cent. In comparison, the S&P BSE Sensex was up 1 per cent at 60,554 at 02:00 PM.

Among individual stocks, LTL hit a 52-week high of Rs 164 as its shares surged 16 per cent in the intra-day trade today on the back of over five-fold jump in trading volumes.