Indian textile stocks rally as brokerages bet on export tailwinds; Pearl Global jumps 10%
Pearl Global Industries led a broad rally in Indian textile exporters, climbing nearly 10% as brokerages turned bullish on export growth from improving global demand and favorable trade pacts. Indo Count and KPR Mill rose 8% each, while Welspun Living added 5%.
Indian textile stocks rallied as brokerages turned bullish on export prospects amid improving global demand and trade agreements. Pearl Global rose nearly 10%, Indo Count and KPR Mill gained 8% each, Welspun Living up 5%.
Why this matters
Extends Pearl Global's recent momentum after hitting a record high on Motilal Oswal's Buy call with Rs 2,300 target, alongside capacity expansion plans beyond 100M pieces and ₹200-250 cr FY27 investment across five countries.
Retail-company signals steady at 3,639 over the last 90 days.