Textile Stocks Rally After India-US Trade Deal; KPR Mill, Welspun Living, Trident, Alok Industries Shares Jump

Textile stocks witnessed a sharp rally in early trade on February 3, with strong buying interest emerging across large and mid-cap names after India and the United States (US) announced a key trade deal that eased tariff pressure on Indian exports.

Market sentiment turned positive after US President Donald Trump said India's tariff rate would be reduced from 50 percent to 18 percent, bringing it closer to Asian peers and significantly improving the outlook for Indian textile exporters.

Textile Stocks Today After India-US Trade Deal

"In home textiles, Indo Count Industries and Welspun Living are well positioned given their long-standing US retailer relationships and ability to absorb volume growth. Integrated players such as KPR Mill could also benefit, supported by supply-chain control and operating efficiency, though outcomes will remain sensitive to cotton prices and demand recovery," said Mr. Harshal Dasani, Business Head, INVasset PMS.

KPR Mill Share Price Today

KPR Mill Ltd jumped strongly in morning trade and was trading at Rs 983.35 at 9:44 am, up Rs 124.35 or 14.48 percent. The stock opened higher at Rs 1,030.80, which also marked its intraday high, while the day's low stood at Rs 981.85, reflecting heavy buying interest soon after market open.

Welspun Living Share Price Today

Welspun Living Ltd also saw an impressive surge. The stock was trading at Rs 144.70 at 9:53 am, gaining Rs 22.25 or 18.17 percent. It opened at Rs 146.92, which remained its intraday high, with the stock finding support near Rs 142.26 during early volatility.

Trident Share Price Today

Mid-cap textile names joined the rally as well. Trident Ltd was trading at Rs 28.64 at 9:54 am IST, up Rs 2.85 or 11.05 percent, indicating strong participation from retail and institutional investors.

Alok Industries Share Price Today

Meanwhile, Alok Industries was trading at Rs 16.00 at 9:55 am, up Rs 0.95 or 6.31 percent. The stock opened at Rs 16.92, touched an intraday high of Rs 17.00, and a low of Rs 16.00.

The textile sector had earlier come under sharp selling pressure after the US imposed a 50 percent tariff, a major concern given that around 32 percent of India's textile exports are destined for the US. With the tariff now cut to 18 percent, Indian textile and apparel exporters are once again seen as competitive, triggering a broad-based relief rally across the sector.

"The trade agreement provides several opportunities for diversified markets and accelerates scale-up plans for many textile and apparel categories. We think the true impact will be a function of how quickly the changes can be implemented and how well manufacturers can navigate cost and scale," Suketu Shah, CEO, Vishal Fabrics.

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