Textile stocks rise on hopes of India-US trade talks: KPR Mill, Indo Count, others rally up to 10%

Textile stocks rally

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26 Aug, 2025 12:21

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The shares of textile companies surged on September 16 amid rising hopes for trade talks between India and US to resume.

Brendan Lynch, a trade negotiator with the Office of the US Trade Representative (USTR) will be arriving today in India to discuss 'trade issues' between Washington and New Delhi. Special Secretary Rajesh Agarwal however clarified that Lynch's one-day visit is not the sixth round of trade negotiations between India and US, but only a meeting to 'discuss' trade issues.

India-US trade relations:

The two nations had opened negotiations for a Bilateral Trade Agreement (BTA) in March this year, and have conducted five rounds of talks so far, with the last one being held in July in the US. However, following US President Donald Trump's decision to double tariffs on India to a whopping 50 percent, the next round of trade talks slated for August 25-29 in New Delhi was deferred.

Cooling trade jitters:

Indo-US relations have seen some improvement in recent days with Trump and Prime Minister Narendra Modi agreeing to resume trade talks. Trump called Prime Minister Modi a "dear friend" and talked optimistically about the trade momentum. PM Modi, in turn, reaffirmed India and US as "close friends and natural partners" and expressed confidence that current trade talks would unlock significant potential for both nations.

India and the US are close friends and natural partners. I am confident that our trade negotiations will pave the way for unlocking the limitless potential of the India-US partnership. Our teams are working to conclude these discussions at the earliest. I am also looking forward… pic.twitter.com/3K9hlJxWcl

— Narendra Modi (@narendramodi) September 10, 2025

Finance Minister Nirmala Sitharaman too confirmed that New Delhi's diplomatic team is deeply engaged in ongoing negotiations.

In a post on Truth Social, Trump had said, "I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations."

Textile stocks surge:

All these developments reignited hopes for easing trade tensions between the two countries, which would likely benefit the export-oriented textile stocks.

Indo Count Industries shares rallied around 10 percent to trade at Rs 307.79 apiece. KPR Mill shares surged 7 percent to trade at Rs 1,121.80 apiece, while Pearl Global Industries shares jumped nearly 6 percent. Raymond Lifestyle shares jumped nearly 4 percent. Arvind shares rose around 2 percent.

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