Textile Stocks Soar 20% on US-India Trade Deal; Retail Investors Rewarded
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CNBC TV18•03-02-2026, 10:13
Textile Stocks Soar 20% on US-India Trade Deal; Retail Investors Rewarded
- •Textile stocks like Gokaldas Exports, Welspun Living, and KPR Mill surged up to 20% after India and the US announced a trade agreement.
- •The trade deal reverses tariffs imposed by US President Donald Trump, which had significantly impacted Indian textile exports.
- •Companies like Gokaldas Exports, Welspun Living, and Indo Count Industries derive 50-70% of their revenue from the US market.
- •Retail investors and domestic Mutual Funds increased their shareholding in these textile companies between March and December 2025, showing faith despite stock price drops.
- •Despite the recent rally, these stocks are still 30-55% below their record high levels, indicating a long recovery ahead.
Why It Matters: US-India trade deal boosts textile stocks, rewarding patient investors, but a full recovery is still distant.
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