Vardhman Textiles, Trident, KPR Mill, and Other Textile Stocks Surge on India-US Trade Deal Optimism | Stock Market Today

The Indian stock market witnessed a sudden burst of optimism on Thursday as several textile stocks soared right after the opening bell. Vardhman Textiles, Trident, Gokaldas Exports, Indo Count Industries, Pearl Global, Welspun Living, and KPR Mill share price rose significantly, reflecting renewed investor confidence fueled by potential progress in the India-US trade talks.

Investors seemed encouraged by reports that the long-stalled trade agreement could finally see some movement, offering relief to the textile sector, which had been hit hard by tariffs earlier.

Market Performance

• Top Gainers: Kitex Garments led the rally with a sharp 17% intraday rise to ₹219 per share.
• Other notable performers:
  • Vardhman Textiles
  • Trident
  • Gokaldas Exports
  • Arvind
  • GTN Industries
  • Welspun Living
  • Himatsingka Seide
  • KPR Mill (shares surged 5%–11%)

The rally reflected growing optimism that the trade deal between India and the US could reduce import duties, currently set at 50%, potentially bringing them down to 15%–16%.

Key Drivers Behind the Surge

The textile sector’s revival comes amid discussions of a broader trade deal between India and the US, with key developments including:

• India may reduce crude oil imports from Russia, aligning with US concerns.
• Increased imports of non-genetically modified (GM) American corn and soymeal could be allowed.
• Earlier punitive levies, including a 25% tariff on Indian exports, may ease as part of the deal.

The anticipation of lower tariffs has already started to reflect in investor sentiment, bringing hope for a rebound in Indian textile exports.

Company Details & Highlights

Vardhman Textiles:

• Witnessed significant intraday gains alongside peers.

Trident & Gokaldas Exports:

• Shares surged on positive market sentiment, responding to trade deal optimism.

Indo Count Industries, Pearl Global, Welspun Living:

• These companies saw strong buying interest, reflecting investor focus on sectors benefiting from improved US trade relations.

KPR Mill:

• Enjoyed gains of 5%–11% amid sector-wide enthusiasm.

The rally underscores the importance of the US market for Indian textiles, where tariffs had previously caused a slowdown in exports.

Sector Impact & Export Data

Textile stocks had struggled following the US tariff imposition in August, which weighed heavily on India’s apparel and textile exports. September 2025 data highlights:

• Textile and apparel exports fell 10.34% compared to previous periods.
• India’s share in US apparel imports: Around 6% in 2024, totaling $4.8 billion out of $80 billion.
• Contribution to India’s total apparel exports: Approximately 33%.
• Combined textile and apparel exports to the US: Around $10 billion.

The sector remains a crucial part of the Indian economy, employing over 45 million people, contributing about 2% to national GDP, and 12% to India’s total exports.

Summary

Thursday’s rally in Vardhman Textiles, Trident, KPR Mill, and other textile stocks demonstrates how closely market sentiment follows international trade developments. With the possibility of reduced US tariffs, investors have responded positively, driving intraday gains of up to 17% in some stocks.

The textile sector, a major contributor to exports and employment in India, appears ready to benefit from any easing of trade barriers. As the India-US trade deal evolves, market watchers are keeping a keen eye on how these developments influence stock market trends today.