Mumbai, Feb. 1 -- Textile stocks surged after Finance Minister Nirmala Sitharaman, in Union Budget 2026-27, announced plans to set up mega textile parks aimed at promoting khadi, silk, and other textile segments.
The budget proposed the development of Rare Earth Corridors to strengthen mineral supply chains and support industrial growth.
Shares of Gokaldas Exports jumped 5.09%, Pearl Global Industries gained 4.89%, Welspun Living rose 3.31%, Arvind advanced 3.32%, K.P.R. Mill climbed 3.06%, and Vardhman Textiles added 1.40%.
The Finance Minister unveiled a slew of supportive measures for the textile sector, signalling the government's intent to boost competitiveness and scale in one of India's key manufacturing industries. The announceme...