Budget 2026 Boosts Textile Stocks: KPR Mill, Arvind Surge on Mega Park Announcements
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Moneycontrol•01-02-2026, 12:08
Budget 2026 Boosts Textile Stocks: KPR Mill, Arvind Surge on Mega Park Announcements
- •Union Finance Minister Nirmala Sitharaman presented the Budget for fiscal year 2027, making key announcements for the textile sector.
- •The Budget includes plans for creating mega textile parks via a challenge mode, focusing on technical textiles and integrated manufacturing.
- •New schemes were announced to strengthen the Textile Labor Incentive Scheme, National Handloom and Handicrafts Program, and Textile Skilling System.
- •Textile stocks like KPR Mill (+3.5%), Vardhman Textiles (+2.2%), Welspun Living, Page Industries, and Arvind (+1-3%) surged post-announcements.
- •Previous budget initiatives and recent Free Trade Agreements with EU and UK also support the textile sector's global competitiveness.
Why It Matters: Budget 2026 announcements for mega textile parks and skill development significantly boosted textile sector stocks.
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