MUMBAI: Foreign institutional investors (FIIs) have raised stakes in most Indian textile companies and many textile majors have been benefited from this renewed FII interest during the September quarter.

Mr Sunil Khandelwal, chief financial officer of Alok Industries, “Demand in both domestic and export markets is on the rise. This will have a positive impact on profitability as volumes as well as realisations are moving up.”

Foreign shareholding has risen to 13.89 per cent in the quarter from 4.92 per cent in the June quarter in Alok Industries and in S Kumars, the foreign investors raised from 25.14 per cent to 32.87 per cent.