Domestic brokerage firm Motilal Oswal has initiated coverage on eight textile companies, assigning a Buy rating to Gokaldas Exports, Indo Count Industries, Arvind Fashions, Pearl Global Industries and Welspun Living, while assigning Vardhman Textiles, KPR Mill and Trident a Neutral rating.
The brokerage believes the global textile and apparel industry is gradually emerging from a prolonged period of weakness. Global textile and apparel trade remained largely flat between CY21 and CY25 after the strong post-pandemic demand surge in FY22.
