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The Economic Times
The Economic Times
Akash Podishetti

Explained: Why textile stocks are delivering up to 14% returns for investors on Wednesday?

India KPR Mill Gokaldas Exports Motilal Oswal Welspun Living Arvind Emkay

Textile stocks rallied sharply on Wednesday after brokerages turned positive on the sector, citing improving global demand, favourable trade agreements and India's growing competitiveness in global apparel exports. Shares of Pearl Global Industries jumped nearly 10%, while Indo Count Industries and KPR Mill gained around 8% each. Welspun Living rose 5%, Gokaldas Exports advanced 4%, and Arvind climbed about 3%.

The rally follows fresh optimism from brokerages that India's textile exporters are entering a multi-year growth phase after several difficult years marked by weak global demand, supply-chain disruptions, and high inflation.

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