Gokaldas Exports and Other Textile Stocks Surge After India-US Interim Trade Framework

The stock market saw a strong surge in textile shares on February 9, 2026, as export-oriented companies received a major boost following the announcement of a framework for an India-US interim trade deal. Investors welcomed the news of reduced tariffs, giving a clear tailwind to key textile stocks.

Market Performance Today

Textile companies saw significant gains, reflecting investor optimism on easing trade tensions. The stock market today highlighted this upbeat sentiment:

• Gokaldas Exports jumped 6.5%, trading at Rs 832.1 per share.
• Arvind surged around 7%, reaching Rs 393.90 per share.
• Raymond Lifestyle climbed nearly 5%.
• K.P.R. Mill advanced about 4%.

The rally marked a turnaround for these stocks, which had previously faced pressure after the US hiked tariffs on Indian exports.

India-US Trade Deal Framework

On February 6, India and the United States released a framework for an interim trade agreement, aimed at fostering reciprocal and mutually beneficial trade. The framework, a stepping stone in the broader U.S.-India Bilateral Trade Agreement (BTA), is expected to strengthen trade relations and enhance supply chain resilience.

Key points from the framework:

• US tariffs on Indian exports of textile and apparel, leather and footwear, plastic and rubber, organic chemicals, home décor, artisanal products, and certain machinery will be reduced to 18%, subject to the finalization of the Interim Agreement.
• The framework is described as a “historic milestone” in India-US trade relations, reflecting a mutual commitment to balanced trade.
• The agreement follows the removal of an additional 25% tariff on Indian goods previously imposed over Russian oil purchases.

This interim framework is expected to provide relief to export-oriented textile companies, which had seen their profitability and stock valuations affected by earlier tariff hikes.

Company-Wise Performance

Gokaldas Exports

• Shares climbed 6.5%, trading at Rs 832.1.
• The tariff reduction is particularly beneficial for Gokaldas Exports, which heavily relies on the US market for textile exports.

Arvind

• Stock surged 7%, trading at Rs 393.90.
• The interim trade framework supports Arvind’s export volumes and strengthens its competitive position in global markets.

Raymond Lifestyle

• Shares rose nearly 5%, reflecting investor confidence in export recovery.
• The company benefits from lower US tariffs on apparel and home textile products.

K.P.R. Mill

• Stock gained around 4%, signaling renewed optimism among investors.
• Reduced export duties are expected to ease cost pressures and improve revenue flow from international markets.

Summary

The India-US interim trade framework has injected a positive momentum into the textile sector. Stocks like Gokaldas Exports, Arvind, Raymond Lifestyle, and K.P.R. Mill have reacted strongly, reflecting both relief and renewed investor confidence.

The agreement reduces tariffs on key export categories to 18%, creating a more favorable environment for Indian textile exporters. Market participants can expect this framework to serve as a foundation for stronger bilateral trade relations, paving the way for sustainable growth in the sector.

With stock market today showing gains in export-focused textile companies, this development highlights the importance of international trade policies in shaping domestic stock performance.

Source: Moneycontrol