Vardhman Textiles Ltd Share Price

Vardhman Textiles

India-Uzbekistan Target Doubling Bilateral Trade with New Strategic Business Partnership

At the India-Uzbekistan Business Forum in New Delhi, Union Minister of Commerce and Industry Piyush Goyal urged businesses from both nations to co-invest, co-manufacture, and co-innovate, aiming to double bilateral trade within three years. With two-way trade already reaching around ₹14,473.50 crore ($1.52 billion), the recently concluded Bilateral Investment Treaty (BIT) is poised to bolster investor confidence and unlock long-term capital. The economic partnership seeks to capitalize on India’s expansive domestic market, skilled talent pool, and innovation ecosystem alongside Uzbekistan’s strategic geographical position and abundant natural resources. Key sectors highlighted for strategic cooperation include textiles, pharmaceuticals, healthcare, mining, digital technologies, agriculture, automotive, and advanced manufacturing. Joint efforts will merge Uzbekistan’s rich cotton output with India’s textile processing strengths, alongside driving innovations in medtech, fintech, and Digital Public Infrastructure (DPI). To ensure seamless execution, both nations agreed to dismantle trade barriers, recognize mutual standards, digitalize customs processes, and enhance overall connectivity to boost job creation and solidify their long-term economic alliance.

India’s White Gold: The Cotton Journey

India remains a global heavyweight in the cotton sector as the only nation cultivating all four recognized cotton species, holding the top spot in cultivated area and ranking second worldwide in production and consumption. Driven by domestic demand of 328 lakh bales and an annual production of 290.91 lakh bales in 2025–26, the industry accounts for nearly 19% of global fiber output. Beyond generating over ₹98,166 crore ($11.61 billion) in export revenue during FY25, the sector serves as a vital economic engine—sustaining around 60 lakh farmers and providing employment to another 4 to 5 crore people across processing, textile manufacturing, and trade. To boost output, quality, and market access, the government has introduced targeted programs, led by the five-year Mission for Cotton Productivity (2025–26) with a budget of ₹5,659.22 crore ($640.36 million). This mission aims to raise annual production to 498 lakh bales by 2031, directly benefiting 32 lakh farmers across 140 districts. Support is further bolstered by public procurement through the Cotton Corporation of India, which purchased over 105 lakh bales under Minimum Support Price operations in 2025–26. Modernization efforts like the Kapas Kisan app and Kasturi Cotton Bharat's blockchain and QR-based tracing systems are simultaneously improving transparency, traceability, and international competitiveness across the supply chain.

Close crossing last Month High Strategy

Close crossing last Month High Strategy

Indian Textile Stocks Rally to 52-Week Highs on UK/EU FTA Optimism

Indian textile stocks witnessed strong buying momentum on June 30, 2026, with key players scaling fresh 52-week highs. The sector-wide rally was led by S P Apparels (+13% to ₹1,186), Arvind (+9% to ₹600), and Indo Count Industries (+5% to ₹446), while peers like Gokaldas Exports and Vardhman Textiles also gained 2-3%. Primary Catalysts: FTA Optimism: The surge is primarily driven by market expectations that impending Free Trade Agreements (FTAs) with the UK and EU will significantly boost market access and enhance the global competitiveness of Indian textile exports. Macro Tailwinds: Easing global trade uncertainties and favorable government policies are further reinforcing long-term investor confidence in the sector's export-led growth story. Strong Corporate Fundamentals: The macro optimism is strongly supported by robust operational updates and positive guidance from key industry players: S P Apparels: Reported a healthy ₹600 crore order book, noting that temporary business disruptions have ended and customer demand is normalizing. The company is actively expanding its US market footprint and targets ₹2,000 crore in revenue with an adjusted EBITDA margin of 17%–18%. Indo Count Industries: Guided for a strong FY27, targeting fabric volumes of 105–110 million meters (up from 94 million in FY26) and an EBITDA margin of ~13%. Growth will be supported by higher sales volumes, better execution, and favorable trade agreements. Outlook: The convergence of favorable macroeconomic tailwinds (impending FTAs) and strong micro-level business momentum positions the Indian textile sector for a sustained growth cycle. As global supply chains continue to diversify, Indian exporters are well-placed to capture larger market shares in key Western markets.

Daily Index View : NIFTY50 as on 15/06/2026

1. Market Trend PROBABILITY 🚨 Current Market Trend: Positive 🚀 20% 🔍 Key Level to Watch: 23211 🔄 Current Market Surface: The trend will stay Positive until the market stay above 23211 That’s 412 points away from the last day Closing Price of 23623 ATR 269 2. Demand & Supply PROBABILITY Force is Demand & Supply is High 15% Last 3 days market has been flatish compared to ATR, so demand has very strong firepower — it just needs sentiment support 12 Jun 2026 FII Cash-net (Buy/sell) DII Cash- net (BUY/SELL) -1,082 +5,341.29 3. Reflexivity PROBABILITY First Half is Supportive to Bullish Momentum for at least first half 10% Last day market rallied Intraday more than the 8-day average ATR, so it should keep its momentum intact in the first half 4. Social Proof (Global) PROBABILITY Dow Jones (Last day close) 48185 Up/Donw by 54 65% Dow jones future (live) 51,655 Up/Donw by +428.0 Hang seng (Live) 24718 Up/Donw by 125 Nikki 225 (Live) 69318 Up/Donw by 3,297 Sentiments: Dow Jones Futures is Trading Extremely positive & HANG SENG Index is trading Flat to Positive Today, global markets are neutral to slightly positive, and the Indian market has no strong directional bias Top stock to watchout