RBI had announced tightening measures which resulted in the Bank Nifty crashing by 4.62% yesterday and the broader market declining by 1.44%
Yet one sector stood out proudly in this carnage – innerwear stocks !
| Symbol | Close on 23 July,2013 | Close on 24 July,2013 | Gain |
| RUPA | 165 | 165 | 0.00% |
| LOVABLE | 275.35 | 281.35 | 2.18% |
| PAGEIND | 4343.65 | 4516.85 | 3.99% |
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2 replies on “The unexpected winners of RBI’s tightening”
is this not coincidence…. how would this move benefit innerwear stocks ?
Maybe this is flight to safety !!:)