Budget 2026: Trident, KPR Mills, To Vardhman; Textile Stocks Rally As FM Sitharaman Announces Mega Parks

Budget 2026: KPR Mills, Vardhman Textiles, Trident, Welspun Living and other textile stocks rallied on Sunday after the Finance Minister Nirmala Sitharaman announced mega textile parks.

During her Budget 2026 speech, FM Sitharaman, on Sunday, announced schemes to establish mega textile parks. FM Sitharaman also announced plans to launch the Mahatma Gandhi Gram Swaraj initiative to strengthen Khadi and handloom.

During Sunday's special trading session, Trident shares were trading 4.19% higher at Rs 27 per share, KPR Mills shares were trading 3% higher at Rs 894 per share, and Vardhaman shares were trading 1.6% higher at Rs 439 per share.

Why Textile Stocks Surged ?

Textile stocks rallied on Sunday after Finance Minister Nirmala Sitharaman announced mega textile parks in different parts of the country.
"I propose to set up mega textile parks in challenge mode. I propose to launch the Mahatma Gandhi Gram Swaraj initiative to strengthen Khadi and handloom," said FM Sitharaman.

Apart from textile mega parks, FM Sitharaman proposed Rs 10,000 crore investment in the biopharma sector over the next five years, a move which would give a boost to the country's pharmaceuticals industry.

Biopharmaceuticals, or biologics, are complex medicines manufactured from living organisms, cells, or tissues rather than through chemical synthesis. She also proposed interventions in six areas, including manufacturing, strategic and frontier sectors, healthcare and advanced technology.

The minister added that semiconductor mission 2.0 will focus on producing equipment and materials designed for full-stack Indian IP (intellectual property). The India Semiconductor Mission (ISM) is a specialized, autonomous business division within Digital India Corporation under Ministry of Electronics and Information Technology (MeitY), designed to build a sustainable semiconductor and display ecosystem.

Sitharaman also announced support for mineral rich states of Odisha, Kerala, Andhra Pradesh and Tamil Nadu to establish critical mineral facilities. She added that 'Sabka Saath, Sabka Vikas' is the third Kartavya of the government.