India's textile stocks rise; Motilal starts coverage with 'buy' for many
BUZZ-India's textile stocks rise; Motilal starts coverage with 'buy' for many ** India's textile stocks rise after Motilal Oswal initiates coverage, saying the sector's addressable opportunity has expanded following free trade agreements and tariff shifts
** Brokerage assigns "buy" ratings to Gokaldas Exports GOKL.NS, Indo Count ICNT.NS, Arvind ARVN.NS, Pearl Global PGIL.NS and Welspun Living WLSP.NS
** Starts Vardhman Textiles VART.NS, KPR Mill KPRM.NS and Trident TRIE.NS at "neutral"
** GOKL, ICNT, ARVN, PGIL and WLSP gain between 2.4% and 10%, while VART rises 1.3%, KPRM jumps 8% and TRIE adds 4.6%
** Motilal projects a 12-month rise of 36% for GOKL, 39% for ICNT, 30% for ARVN, 28% for PGIL and 23% for WLSP
** Says export growth is set to recover, supported by trade agreements with the UK and European Union and favourable tariff realignments
** With India holding only 4%-5% of global apparel trade, the brokerage sees scope for share gains
** Lower additional U.S. tariffs of around 10% for India compared to the 50% threatened in mid-2025, levels the playing field with competitors such as Bangladesh (19%), Indonesia (19%) and Vietnam (20%), says Motilal Oswal
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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