The proposed UK and EU free trade agreements (FTAs) are expected to improve the competitiveness of Indian textile export, believe analysts.
Brokerage firm Motilal Oswal Financial Services initiated coverage on 8 companies across apparel and home textiles, with Gokaldas Exports, Arvind, and Indo Count Industries as high-conviction picks.
Textile stocks in focus: The British High commissioner cleared the India-UK Free Trade Agreement, and will come into force from July 15, 2026, say reports.
Indo Count Q4 results: EBITDA and margins witnessed recovery driven by higher contribution from new businesses due to absorption of incubation costs and favourable exchange rate.
Despite today's decline, in the past one month, these stocks have outperformed the market, surging up to 33 per cent, as against 0.56 per cent rise in the benchmark Sensex.
Textile stocks in focus: Lower reciprocal tariffs and recent trade deals with UK/EU provide multi-year advantage to boost earnings/cashflows by enhancing export base for the sector, believe analysts.
The US-India trade deal is particularly positive for export-oriented sectors with meaningful exposure to the US market, say analysts.
Textile stocks to buy: Analysts say the India-EU FTA could boost Indian textile exports by cutting EU tariffs to zero. Here are key beneficiaries