Motilal Oswal backs 8 textile names, flags up to 39% upside on Arvind, Gokaldas
Coverage initiation cites China-plus-one sourcing, FTA tailwinds and capacity expansion. Buy calls on Gokaldas (TP ₹1,110), Arvind (₹670), Pearl Global (₹2,300), Indo Count (₹550) and Welspun Living (₹200). Top 4-5 players already command 15% of apparel and 28% of home-textile exports.
Motilal Oswal initiated coverage on 8 Indian textile and apparel stocks with buy ratings on Gokaldas, Arvind, Pearl Global, Indo Count and Welspun Living, citing capacity expansion, FTAs, lower tariffs and China-plus-one sourcing tailwinds.
Why this matters
Second bullish broker call on Arvind in quick succession after Emkay's upgrade, reinforcing the India textile cycle thesis as Arvind pushes into UK-EU sourcing via a London studio.
Retail-brand signals steady at 1,869 over the last 90 days, with textile exporters dominating recent flow.