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The Economic Times
The Economic Times
Business
Somanjali Das

India’s textile boom ahead? Why Jefferies is bullish on Welspun, Raymond

Jefferies has upgraded Welspun Living from Hold to Buy and more than doubled its price target, while initiating coverage on Raymond Lifestyle with a Buy rating, noting that free-trade agreements and the China+1 sourcing shift will drive a multi-year growth cycle for Indian textile exporters.

The brokerage raised its target price for Welspun Living by 108%, from Rs 125 to Rs 260, implying an upside potential of 25%. It initiated coverage on Raymond Lifestyle with a target of Rs 900, indicating a potential gain of 29%.

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