Stock Market Today: Trent, Siyaram Silk Mills, Indiamart, Avenue Supermarts, Relaxo Footwears & Khadim India Share Price Shine on GST Buzz

Market Performance

The stock market today opened with strong action in the textile and footwear segment. Investors turned their focus towards companies like Trent, Siyaram Silk Mills, Indiamart Intermesh, Avenue Supermarts, Relaxo Footwears, and Khadim India, as buzz around possible GST rate changes sparked renewed buying interest.

What triggered this rally? Reports suggest that the GST Council may take up key proposals on tax rationalisation next week. This anticipation drove up demand for textile and footwear stocks, putting them in the spotlight.

Main News – GST Rationalisation in Focus

According to reports, the Group of Ministers (GoM) on GST rationalisation is considering a series of changes:

• Textile GST Revision: GST on textile items such as metallised yarn, glimped yarn, and rubber thread may be cut from 12% to 5%.
• Garment Pricing Threshold: The price limit for garments taxed at 5% GST may rise from ₹1,000 to ₹2,500.
• Garments Above ₹2,500: These could see a higher GST of 18%, compared to 12% currently.
• Footwear GST Hike: Footwear priced above ₹2,500 may attract 18% GST, up from 12%.

These potential changes carry weight because they directly impact the affordability of everyday items. A lower tax slab on certain textile products could boost demand, while adjustments in the garment and footwear segment may push companies to rework pricing strategies.

Company-Wise Stock Movement

Trent

• Share price gain: Over 3%
• Among the top performers on Nifty 50, backed by strong market sentiment around GST benefits.

Siyaram Silk Mills

• Intraday high: ₹630
• Gain: 3.55%
• Optimism grew on expectations that lower GST could drive sales in the premium fabric segment.

Indiamart Intermesh & Avenue Supermarts

• Both stocks witnessed buying interest.
• Rally: Up to 1% intraday, reflecting improved sentiment in consumer-focused businesses.

Relaxo Footwears

• Surge: 9.34%
• One of the standout performers in the footwear space, highlighting investor belief in long-term demand stability.

Khadim India

• Jump: More than 10%
• The sharp rally underscored strong momentum as traders positioned themselves ahead of possible GST revisions.

Broader Market Sentiment

This sharp rebound comes at a time when textile and leather companies were recently under pressure due to the 50% tariff imposed on Indian goods entering the US. That news had dented confidence, but today’s momentum shows how quickly sentiment can swing when domestic policy changes are on the horizon.

Summary

The stock market today proved once again how policy speculation can move entire sectors. With Trent, Siyaram Silk Mills, Indiamart Intermesh, Avenue Supermarts, Relaxo Footwears, and Khadim India share prices all seeing gains, investors are closely watching the GST Council’s upcoming decisions.

• Textiles: Possible tax cut from 12% to 5% on select items
• Garments: ₹2,500 new threshold for 5% GST; above that may face 18%
• Footwear: Above ₹2,500, GST may rise to 18%

For now, the rally shows how hope around lower GST slabs has injected fresh energy into the textile and footwear sector. All eyes are on next week’s GST Council meeting, which could set the tone for these companies in the near term.