New Delhi, Nov. 18 -- Shares of Faze Three, one of the leading manufacturers of home textile products, rallied 11% in Tuesday's trade, November 18, hitting an eight-week high of Rs.565 apiece on the back of a surge in volumes.

At 2:00 p.m., a total of 5.42 lakh shares of Faze Three have changed hands on both BSE and NSE. Textile stocks have seen renewed buying interest on Dalal Street in recent weeks as expectations rise that India and the US could soon finalize the trade deal.

Earlier last week, US President Donald Trump indicated that tariffs on India would be lowered "very substantially." Mint had first reported on 22 September that US tariffs on India may be reduced to 15-16% from the steep 50% currently in place.

The long-stalled ...