Textile Stocks

Export-linked sectors, textiles, seafood and IT have endured sharp corrections after the United States imposed fifty percent tariffs. But with fresh policy support, relaxed repayment rules and signs of a softer US stance, analysts say investors may finally have room to re-enter these beaten-down stocks.

Textile stocks surge up to 11% after Trump-Modi review 'good progress' in trade negotiations

Textile stocks: The possibility of further trade talks between India and US, which may result in a trade deal between the two countries, boosted investor sentiment for the export-oriented textile stocks.

Gokaldas Exports, Welspun Living, other textile stocks surge up to 7% on India-US trade talk hopes

The export-oriented textile stocks are rising as analysts increasingly expect trade talks between India and US to resume, amid cooling tensions between the two countries.

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

Textile stocks: Brendan Lynch, a key US trade negotiator, will be arriving today in India to discuss 'trade issues' between Washington and New Delhi.

Duty-free cotton offers breather to textile stocks, but US tariff cloud continues to loom

India’s move to scrap 11% import duty on raw cotton till September 30 has provided short-term relief for textile players, but analysts warn the benefit could be fleeting as Indian exports face a steep 50% US tariff starting August 27.

From textile to shrimp stocks, Trump's twin tariffs leave Indian export stocks gasping

Donald Trump’s double-barrel tariff move sent shockwaves through Indian markets, hammering sectors with high US exposure such as textiles, seafood, and auto components

Textile, shrimp stocks fall as Trump doubles tariff; Gokaldas Exports, KPR Mill, Avanti Feeds decline up to 4%

Textile makers Trident, Gokaldas Exports, Arvind, KPR Mill and Welspun Living lost 0.7%-3% on August 7

Trump's tariff impact: Gokaldas Exports, Pearl Global, other textile stocks fall up to 9%

Textile manufacturers such as Welspun Living, Indo Count, Vardhman Textiles, Gokaldas Exports, Pearl Global and KPR Mills lost between 3% and 9% after Trump's tariff and penalty threat

India-Pakistan tensions flare up: Defence stocks stay strong; textile, banking stocks slip

Defence stocks remained in focus amid continued investor interest, while textile stocks saw profit-booking and banking stocks came under pressure after sharp declines in HDFC Bank and ICICI Bank ADRs

Gokaldas Exports, KPR Mill, Arvind Fashion shares surge up to 12% as UK FTA lifts export hopes

India's apparel exports to the UK—currently at $1.5 billion—could see a significant boost, with an incremental $1 billion opportunity opening up over time.

Gokaldas, Welspun, other textile stocks jump up to 14% as Bangladesh garment group faces mounting troubles

Bangladesh's Beximco Group is reportedly looking to sell 32 firms involved in garments manufacturing. This has fueled speculation that major international fashion brands may divert their orders to India.

Textile stocks set for re-rating as government waives duty on extra-long staple cotton

The government's decision to waive import duty specifically applies to extra-long staple (ELS) variety cotton, which includes premium types like US Pima and Egyptian Giza

Narayana Murthy picks stake in Gokaldas Exports; analysts upbeat on the stock ahead of UK FTA

Analysts believe that the UK-India FTA deal, the Atraco acquisition and the China+one theme will stitch a promising growth story for Gokaldas Exports in the long run

Textile stocks: What’s triggering the joyride to new highs?

There is a hope of recovery for the sector with trade volumes likely to improve in the second half of FY24 as global retailers order their summer and spring 2024 collections, some analysts said.

Textile companies to see a turnaround from Q3FY24: Analysts

Textile players expect demand to pick up again by the third quarter of FY24 as global retailers reduce their inventories.

US recession may throw wet blanket on near-term prospects of textile sector

The reduced purchasing power in key export markets, like the US, due to recession is expected to weigh on the order book of Indian exporters, and could in turn hamper the near-term earnings for the textile companies

Outperforming stocks: What should you do with them now?

Following the recent market rally, a number of shares have seen a sharp upmove, with some inching close to their 52-week highs.

Worrisome market, buy only if Nifty breaks 5200: Sukhani

Yesterday, the market did not have a choppy trade session, but today, the situation looks worrisome, indicated Sudarshan Sukhani of Technical Trends. If 5,200 levels breaks and the Nifty finds support even lower, there is a buying opportunity. If the market rallies, then an intraday short sell is possible, he added.

Textile stocks may further see 8-10% downside: Mohindar

Textile stocks may further see 8-10% downside, says Rahul Mohindar, viratechindia.com.