New Delhi, Feb. 1 -- Gokaldas Exports, Welspun Living, KPR Mill, and other textile stocks jumped up to 5% after the Finance Minister Nirmala Sitharaman proposed setting up mega textile parks with focus on value addition to technical textiles.

"The integrated plan for labour-intensive textiles focuses on employment generation, value-added manufacturing, and global competitiveness, especially in garments, man-made fibres, and technical textiles. This could improve capacity utilisation, exports, and margins across the textile value chain," said Seema Srivastava, Senior Research Analyst at SMC Global Securities.

According to her, the likely impacted textile stocks by this announcement are Vardhman Textiles, Welspun Living, KPR Mill, Arvind ...