Explained: Why are textile stocks making big gains on Wednesday?
Textile stocks rallied sharply on Wednesday after brokerages turned bullish on the sector, citing improving global demand, favourable trade agreements and Indias rising competitiveness in apparel exports. Pearl Global surged nearly 10%, while Indo Count and KPR Mill gained around 8% each. Analysts believe Indian textile exporters are entering a multi-year growth phase after years of subdued demand.
Textile stocks rallied sharply on Wednesday after brokerages turned bullish on the sector, citing improving global demand, favourable trade agreements and Indias rising competitiveness in apparel exports. Pearl Global surged nearly 10%, while Indo Count and KPR Mill gained around 8% each. Analysts believe Indian textile exporters are entering a multi-year growth phase after years of subdued demand.
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