Textile & Shrimp Stocks Shine: Gokaldas Exports, KPR Mill, Raymond Lifestyle, Arvind Fashions, Avanti Feeds, Apex Frozen Foods Rally in Trade

Market Performance

The stock market today witnessed a sharp rally in select textile and seafood counters. Shares of Gokaldas Exports, KPR Mill, Raymond Lifestyle, Arvind Fashions, Avanti Feeds, and Apex Frozen Foods surged as optimism returned to trade-related discussions between India and the US.

The upbeat sentiment came after comments from US Treasury Secretary Scott Bessent, who expressed confidence that Washington and New Delhi would eventually iron out their ongoing trade differences. His remarks followed Prime Minister Narendra Modi’s return from the Shanghai Cooperation Organisation (SCO) Summit in China.

What Triggered the Rally?

Bessent’s statement that “two great countries will get this solved” was seen as a reassuring signal for export-driven sectors. Market participants interpreted his words as a possible easing of trade tensions, which had weighed heavily on Indian exporters in recent months.

Notably, US tariffs on Indian goods were previously raised to 50%, one of the steepest among Asian peers, putting pressure on textile and shrimp-focused companies that rely heavily on US demand.

Despite his criticism of India’s Russian oil imports, Bessent’s broader comments were perceived as supportive of trade negotiations. This was enough to spark a rebound in stocks tied to US exports.

Company-Wise Performance

The optimism quickly reflected on Dalal Street, where investors turned bullish on textile and shrimp names:

• Gokaldas Exports: Shares jumped nearly 5% to trade at ₹733 apiece.
• KPR Mill: Stock surged almost 3% in intraday trade.
• Raymond Lifestyle: Gained more than 3% during the session.
• Arvind Fashions: Rose nearly 3%, tracking sector momentum.
• Avanti Feeds: Rallied close to 7%, making it the top gainer in the pack.
• Apex Frozen Foods: Advanced more than 4%, reflecting strong buying interest.

These companies have a significant exposure to US exports, which explains why their shares react sharply to any progress—or setbacks—in India-US trade relations.

Why It Matters

• Textile and shrimp exporters are highly sensitive to global trade policies.
• US remains one of the largest markets for Indian apparel and seafood companies.
• A 50% tariff increase had previously dragged these stocks lower.
• Positive commentary from US officials now rekindles hopes of smoother trade flows.

Political Undertone

Adding another layer, Bessent also weighed in on India’s geopolitical stance. He criticized India’s Russian oil imports, suggesting it indirectly supports the Ukraine conflict. At the same time, he emphasized India’s role as the world’s most populous democracy, with values “closer to ours and China’s than to Russia’s.”

While his geopolitical comments were mixed, investors largely focused on the hopeful outlook for trade ties. That optimism was enough to drive a rally across export-driven companies.

Summary

September 2 turned into a rewarding day for investors in textile and shrimp counters. Shares of Gokaldas Exports, KPR Mill, Raymond Lifestyle, Arvind Fashions, Avanti Feeds, and Apex Frozen Foods rallied between 3–7%, tracking positive global cues.

At the heart of this rally were remarks from US Treasury Secretary Scott Bessent, who signaled optimism about resolving trade differences with India. For companies dependent on US exports, that was the spark the market had been waiting for.