The proposed UK and EU free trade agreements (FTAs) are expected to improve the competitiveness of Indian textile export, believe analysts.
Motilal Oswal has initiated coverage on Arvind with a 'Buy' rating; it believes that company is on the verge of a strategic transformation from a fabric-focused player to a garments-led business.
In FY27, Arvind's management expects to maintain the growth momentum to grow at a double digit with high double-digit growth in Advanced Materials and mid-teen growth in Garments.
The move is expected to offer much-needed relief to the textile industry, with investors betting that the duty suspension will ease input cost pressures for manufacturers
In the past two trading days, the stock price of Raymond Realty has zoomed 42 per cent
Arvind Advanced Materials (AAML), a wholly-owned subsidiary of Arvind, announced the acquisition of nearly 61 per cent stake in Dalco-GFT
The government has halved benefits under the RoDTEP scheme for exporters in textiles, and gems & jewellery, restricting incentives to 50% of notified rates and value caps with immediate effect.