Kitex Garments Ltd. Share Price

BREAKING----> US Tariff Threat Is Back, US Senate Approves 100% Tariff Power on India Over Russian Oil

A fresh trade-war risk has emerged for India. The US Senate has passed the “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026” by an 86–11 vote, giving the US President the authority to impose tariffs of up to 100% on imports from countries that continue to buy significant amounts of Russian oil and gas, including India. But there is an important distinction: This is NOT a 100% tariff imposed on India yet. The bill still has to move through the US House of Representatives, and even if enacted, the tariff would be a presidential power rather than an automatic levy. ------->Which Indian Sectors Could Face Pressure? If such tariffs are eventually implemented, the impact would likely be highest on businesses with significant exposure to the US market. Textiles & Apparel •

Kitex Garments Ltd’s intraday low of Rs 198.25 on 10 February 2026, coupled with a 7.27% decline, underscores the immediate price pressures facing the stock amid a broadly positive market environment. Despite strong longer-term gains and a positive year-to-date performance, the stock’s recent reversal and technical positioning below the 200-day moving average reflect challenges in sustaining momentum. The Strong Sell Mojo Grade further emphasises the current cautious stance on the stock’s near-term prospects.

Union Budget 2026-27 Boosts Textile Sector with Mega Parks, Skilling & Export Relief

The Indian textile industry received a comprehensive boost in the Union Budget 2026-27, with Finance Minister Nirmala Sitharaman unveiling an Integrated Programme for the Textile Sector to enhance global competitiveness, employment, and sustainability. Key initiatives include: National Fibre Scheme: Aims to achieve self-reliance in natural (silk, wool, jute) and man-made fibres, reducing import dependence and fostering innovation. Textile Expansion and Employment Scheme: Supports modernisation of traditional clusters with capital assistance for machinery, tech upgrades, and common testing centres. Tex-Eco Initiative: Promotes eco-friendly, sustainable textile manufacturing. Samarth 2.0: Upgrades skilling infrastructure through industry-academia collaboration to build job-ready talent across the value chain. Mega Textile Parks: To be set up in "challenge mode" to promote technical textiles for industrial, medical, defence, and infrastructure use. A new Mahatma Gandhi Gram Swaraj Initiative will strengthen khadi, handloom, and handicrafts through branding, quality improvement, and global market access—aligning with the One District One Product (ODOP) scheme. Exporters in textiles, leather, and footwear will benefit from an extended export obligation period—from 6 to 12 months—for goods made with duty-free imported inputs, easing compliance pressures. To improve liquidity for MSMEs, the government will deepen the TReDS platform by mandating its use for CPSU procurements, linking GeM with TReDS, introducing credit guarantees via CGTMSE, and enabling TReDS receivables as asset-backed securities. Additionally, a ₹10,000 crore SME Growth Fund has been announced to nurture "Champion SMEs" based on performance metrics, supporting scale-up in manufacturing sectors including textiles.

Kitex Garments Ltd – Stock Overview