Textile stocks extended their gains on Tuesday, with shares of SP Apparels Ltd., Arvind Ltd. and Indo Count Industries rising sharply amid growing optimism that India’s proposed free trade agreements (FTAs) with the UK, the European Union (EU) and the US will strengthen the country’s export competitiveness.
SP Apparels led the rally, surging as much as 13% to a fresh 52-week high on the BSE during intra-day trade. The stock has advanced nearly 49% over the past 11 trading sessions since 12 June.
Arvind also climbed to a new 52-week high, gaining 9%. The company’s shares have risen around 22% over the last 12 trading sessions.
Indo Count Industries advanced nearly 5% to a fresh 52-week high, taking its cumulative gain to approximately 38% over the same period.
The broader textile sector also traded higher, with Gokaldas Exports, PDS, Vardhman Textiles and Nitin Spinners posting gains of between 2% and 3%.
Market sentiment towards textile exporters has strengthened on expectations that India’s proposed trade agreements with the UK, the EU and the US could improve the competitiveness of domestic manufacturers by reducing tariffs and expanding market access.
Analysts believe the anticipated easing of trade barriers would enable Indian textile exporters to increase shipments and enhance profitability, particularly as global sourcing patterns continue to shift in India’s favour.
Bharat Tex Special Report 2026 
