Motilal Oswal initiates coverage on 8 textile stocks, including Arvind and Gokaldas Exports; sees up to 39% upside

Motilal Oswal has initiated coverage on eight textile and apparel companies, citing gradual recovery in global demand, capacity additions, and potential gains from lower tariffs and free trade agreements with the UK and EU. The brokerage assigned buy ratings to Gokaldas Exports (target Rs 1,110), Arvind (Rs 670), Pearl Global Industries (Rs 2,300), Indo Count Industries (Rs 550) and Welspun Living (Rs 200), with projected APAT CAGRs of 29-97% over FY26-28 and up to 39% upside. It maintained neutral ratings on KPR Mill (Rs 1,200), Trident (Rs 28) and Vardhman Textiles (Rs 700), citing limited upside at current valuations.