Emkay turns bullish on Arvind, Nitin Spinners, Sanathan Textiles as India textile cycle inflects
Emkay Global initiates Buy on three textile names with targets of ₹700 (Arvind), ₹750 (Nitin Spinners) and ₹550 (Sanathan Textiles), citing PLI, PM MITRA parks, EU/UK/Australia FTAs, a 7-8% China tariff edge and the GST cut on MMF to 5% from 12%. Sector APAT CAGR pegged at 45% over FY26-28E.
Emkay Global initiates Buy on Arvind, Nitin Spinners and Sanathan Textiles, citing India's textile inflection driven by PLI, PM MITRA parks, FTAs with EU/UK/Australia, China tariff advantage, and GST cut on MMF to 5%.