Indian textile exporter stocks rose sharply on Wednesday after Motilal Oswal Financial Services initiated positive coverage on the sector.
The brokerage cited capacity expansion plans and supportive government policies as main growth drivers. It projected substantial gains for major players including Gokaldas Exports, Arvind, Indo Count Industries and Welspun Living.
The move reflects a fresh investment cycle in the Indian textile industry. Companies are shifting toward higher-margin segments and value-added products to benefit from shifting global sourcing patterns.
Analysts at the brokerage expect the rally to continue as firms expand production capabilities and target export opportunities.