Cotton Stocks Rally: Vardhman Textile, Gokaldas Exports, Welspun Living, Ambika Cotton Mills, Indo Count Industries Share Price Gain

Market Performance

Shares of major cotton-linked companies witnessed a sharp rally on Tuesday, August 19.

• Vardhman Textile, Gokaldas Exports, Welspun Living, Ambika Cotton Mills, and Indo Count Industries surged up to 9% in early trade.
• The rally came after the government scrapped the 11% import duty on raw cotton till September 30, 2025.

At around 9:35 am, these textile stocks were trading significantly higher on the exchanges, reflecting strong investor sentiment.

Main News

The Finance Ministry, through a notification issued on Monday by the Central Board of Indirect Taxes and Customs (CBIC), announced the removal of–

• Basic Customs Duty
• Agriculture Infrastructure and Development Cess (AIDC)

This decision comes as a major relief for India’s textile and garment sector, which has been facing pressure from global trade developments.

The exemption will remain effective until the end of September, offering temporary cost relief for manufacturers.

Company Details

The government’s move is expected to benefit the entire textile chain, from yarn to fabric, garments, and home textiles. The biggest gainers in the session were:

• Vardhman Textile – shares moved higher following the duty relief.
• Gokaldas Exports – strong buying interest lifted the stock.
• Welspun Living – home textile player also saw a surge in trade.
• Ambika Cotton Mills – gained along with other cotton-based companies.
• Indo Count Industries – shares rose as the exemption supports raw material imports.

Summary of the Article

• Cotton-related stocks including Vardhman Textile, Gokaldas Exports, Welspun Living, Ambika Cotton Mills, and Indo Count Industries surged up to 9%.
• The rally was triggered after the Centre scrapped the 11% import duty on raw cotton till September 30.
• The move temporarily reduces input costs and offers relief to the textile and garment industry amid ongoing trade tariff concerns.
• The exemption will help stabilize operations across the textile supply chain, including yarn, fabric, garments, and made-ups.