Welspun Living & Vardhman Textile Stock Surge as Cotton Import Duty Lifted

Textile stocks, led by

and , surged notably after the Indian government temporarily removed the 11% import duty on raw cotton, effective from August 19 to September 30. Vardhman Textiles jumped over 9%, while Welspun Living rallied around 6%, reflecting investor optimism amid short-term input cost relief. Key Takeaways: * The duty waiver also extends to the Agriculture Infrastructure and Development Cess (AIDC), offering broad relief across the textile value chain—ranging from yarn and fabric to garments and made-ups. * The move is seen as a timely tactical response to high raw material costs and mounting U.S. tariffs, helping Indian exporters maintain competitiveness during the crucial festival season. * Investors responded strongly, with many textile names gaining across boards on the expectation that lower raw-material expenses would aid margins and export viability. This policy shift marks an important intervention in supporting the textile sector circle with manageable cost dynamics. Source: NDTV Profit No Recommendations