Gokaldas Exports, Welspun Living, KPR Mill, and other textile stocks jumped up to 8% after the Finance Minister Nirmala Sitharaman proposed setting up mega textile parks with focus on value addition to technical textiles.
Trident share price jumped as much as 8.38%, Vardhman Textiles shares rallied 7.36%, KPR Mill stock price surged 5,91%, Gokaldas Exports shares spiked 5.68%, Welspun Living shares rallied 4.16%, and Pearl Global Industries shares jumped 6.18%.
Finance Minister Nirmala Sitharaman, in her Budget 2026 speech, proposed an integrated programme with key components for the labour-intensive textile sector.
Sitharaman emphasised that the first pillar of her plan, the National Fibre Scheme, aims to “achieve self-reliance in natural fibres like silk, wool, and jute, as well as man-made and new industrial-age fibres.”
The second is the Textile Expansion and Employment Scheme, which seeks to modernise traditional clusters by providing capital support for machinery, technology upgrades, and common testing and certification centres.
The third component is the National Handloom and Handicraft Programme (NHHP), designed to integrate and strengthen existing schemes while ensuring targeted support for weavers and artisans.
Analysts’ View
The integrated plan for labour-intensive textiles focuses on employment generation, value-added manufacturing, and global competitiveness, especially in garments, man-made fibres, and technical textiles, according to Seema Srivastava, Senior Research Analyst at SMC Global Securities.
“This could improve capacity utilisation, exports, and margins across the textile value chain,” said Srivastava.
According to her, the likely impacted textile stocks by this announcement are Vardhman Textiles, Welspun Living, KPR Mill, Arvind Ltd, and Trident.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
