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.
An earlier trade agreement between India and the US lowered the reciprocal duties to 18 per cent from 25 per cent, after the US withdrew a separate punitive tariff of 25 per cent
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.
Stocks to watch today, Tuesday, February 10, 2026: Aurobindo Pharma, BSE, Eternal, Pfizer, and Trident shares are in focus on Tuesday
US President Donald Trump said he would lower his 50 per cent tariff on Indian goods to 18 per cent after India agreed to stop buying Russian oil
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.
Trident shares climbed 6.6 per cent on Wednesday and logged an intra-day high at ₹30 per share on BSE, after infusing ₹250 crore in Trident Global Corp
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.