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Trident, other textile stocks rally up to 6% on India-UK FTA
Indian textile stocks jumped up to 6% after the India-UK Free Trade Agreement scrapped 10–12% tariffs on Indian exports to the UK, narrowing the gap with regional rivals. Trident rose 6%, while SP Apparels, Redtape, and TCNS Clothing gained around 2% each. Investors are betting on a potential doubling of exports to the UK over the next few years.
cityfalcon.com·8mo ago
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SP Apparels, Welspun Living to Arvind: Why textile stocks surged up to 20% despite India-Pakistan tensions — Explained
The recent India-UK Free Trade Agreement has revitalised textile stocks, with S.P. Apparels rising 20%. The deal, aimed at enhancing trade by £25.5 billion, positions India to benefit in the UK market against competitors enjoying duty-free access.
cityfalcon.com·11mo ago
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