Cotton Stocks Rally as India Removes 11% Import Duty on Raw Cotton

The Indian government has scrapped the 11% import duty on raw cotton until September 30, covering both Basic Customs Duty and Agriculture Infrastructure and Development Cess. This move is expected to provide much-needed relief to the textile and garment industry by reducing raw material costs, improving profitability, and enhancing global competitiveness. Impact on Cotton Stocks The announcement sparked a strong rally in the stock market, with several cotton-based textile companies gaining investor attention. Key beneficiaries included: •

• • • Ambika Cotton Mills Vardhman Textiles Ltd ( ) witnessed a sharp surge of up to 9% in morning trade today, driven by strong buying interest in textile counters These companies are likely to benefit from lower input costs, potentially improving margins and strengthening their market position in the coming quarters. Disclaimer: This document is prepared by SEBI RRA (Reg. No. INH000016649), solely for informational purposes. It does not constitute investment advice, trading recommendations, or an offer to buy/sell any securities. Information is based on sources deemed reliable but is not guaranteed for accuracy or completeness. No warranty, express or implied, is provided. Portions of this content may have been reviewed or refined using AI tools to enhance grammatical accuracy and sentence structure. Past performance is not indicative of future results. Investments are subject to market risks. Investors should consult a qualified financial advisor before making decisions. SEBI registration and NISM certification do not assure performance or returns. Any securities mentioned, if any, are purely illustrative and not recommendations.