Union Budget 2025, Feb. 1 -- Indian textile stocks surged in today's trade, February 01, after Union Finance Minister Nirmala Sitharaman in her budget speech announced a 5 year mission focused on improving the production of cotton.

Against this backdrop, shares of Ambika Cotton Mills surged by 10% in intraday trading today, reaching Rs.1,095. Other textile stocks, including KPR Mills, Vardhman Textiles, Welspun Living, S.P. Apparels, Nitin Spinners, Arvind, and Himatsingka Seide, also experienced rally ranging from 3% to 5%.

T Manish, Research Analyst, SAMCO Securities, "The five-year mission for cotton productivity aims to enhance the quality of Extra Long Staple (ELS) cotton varieties, fostering improved yields and sectoral growth. De...