Indian textile stocks shine after US top court rejects Trump tariffs

Alok Industries

23/02/2026 04:16

** Shares of Indian textile stocks rise as much as 7%

** U.S. Supreme Court on Friday struck down import levies imposed by President Donald Trump, prompting him to raise a temporary tariff to 15%

** Alok Industries ALOK.NS up 1.3%, Trident TRIE.NS gains as much as 7%, Gokaldas Exports GOKL.NS climbs as much as 2% and Arvind Ltd ARVN.NS rises 3%

** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India government statement

** YTD ALOK down 5.4%, TRIE up 0.37%, GOKL gained 6% and ARVN up 18%

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))