Textile-related stocks rally: Finance Minister Nirmala Sitharaman in Budget 2026 proposed to set-up mega textile parks to focus on value addition in technical textiles.
US tariff impact? In the past seven weeks, the market price of Gokaldas Exports has plunged 33 per cent from a level of ₹948.85 on November 20, 2025 on the BSE.
India and the UK have set themselves a target to double trade by 2030, which will help textile companies to diversify in new markets and grab more opportunities in the coming years.
Welspun Living, Gokaldas Exports, Pearl Global, Vardhman Textiles, Trident, Kitex Garments, Nahar Spinning and Himatsingka Seide rallied between 5 per cent and 12 per cent.
Textile stocks rallied in Tuesday's intra-day trade after the finance ministry removed the 11 per cent duty on raw cotton imports for a period of 42 days till September 30, 2025.
The recently announced revised reciprocal tariff by the US on India is expected to pose a challenge in the second half of this financial year, the management said.
In the medium to long term India's tariff rate are competitive with other major exporting countries and hence exports order will normalise once tariff effect gets absorbed in the market.
Titan, Gokaldas Exports, Welspun Living, Goldiam International and Indo Count are likely to decline up to 27% from here, as stocks break below key support levels; show technical charts.
The management said there is a considerable amount of effort required to improve the margins further over the next few years as the company continue to consolidate and grow the business
India and the United Kingdom (UK) on Tuesday announced the conclusion of talks for a free trade agreement (FTA) that will boost strategic and economic ties between the countries.
US President Donald Trump's tariff imposition decision gives India's textile industry a competitive edge as its competitors like Vietnam, Bangladesh and China will face higher tariffs
The stock has rallied nearly 40% in one month as the company expects better volume in its two acquired entities in the coming quarters, with a sustained stable performance going forward
Bangladesh crisis news, textile shares: This will provide a sentimental boost for related stocks, though the rally should not be chased on this trigger alone, analysts said
With the strategic investment in BTPL, Gokaldas Exports intends to stand largely self-reliant in fulfilling its raw material requirements for manufacturing