Textile stocks rallied sharply on Wednesday after brokerages turned bullish on the sector, citing improving global demand, favourable trade agreements and India’s rising competitiveness in apparel exports. Pearl Global surged nearly 10%, while Indo Count and KPR Mill gained around 8% each. Analysts believe Indian textile exporters are entering a multi-year growth phase after years of subdued demand.
Textile stocks saw significant gains on Wednesday, driven by bullish brokerage reports. Factors include improving global demand, favourable trade agreements, and India's growing competitiveness in apparel exports. Pearl Global surged nearly 10%, with Indo Count and KPR Mill each…
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