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Explained: Why textile stocks are delivering up to 14% returns for investors on Wednesday?

As reported by Stocks-Markets-Economic Times
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.
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Indian textile stocks rallied sharply on Wednesday, delivering up to 14% returns for investors. Brokerages turned bullish on the sector, citing improving global demand, favorable trade agreements, and India’s rising competitiveness in apparel exports. Major players like Pearl…

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