Trident

Vardhman Textiles share price jumped over 6%, followed by Pearl Global Industries, Raymond Lifestyle and Trident shares rallying over 5%. Gokaldas Exports, KPR Mill and Welspun Living shares gained over 4% each, while Alok Industries share price surged over 3%.

Trident reported mixed earnings for Q4FY26, with consolidated revenue at ₹ 1,632.53 crore, down 12.4% year-on-year. Net profit rose to ₹ 101.98 crore. For FY26, total revenue was ₹ 6,701.05 crore, slightly lower than FY25, while net profit improved to ₹ 377.11 crore.

Punjab indutry and power minister Sanjeev Arora, told Mint that the state has got an investment of about ₹ 57,000 crore with big-ticket names like JSW, Vardhman Steel, Trident, IOL Chemicals, Verka Beverages and Fortis.

The Indian stock market rose on February 23, with the Nifty 50 gaining 0.52% and Sensex 0.56%, following the US Supreme Court's decision to strike down import levies. Mixed sector performances were noted, with Nifty PSU Bank continuing its upward trend.

Textile stocks surged on February 23, with Kitex Garments up 10.4%, Welspun Living by 4.2%, and Trident by 7.5% after the US Supreme Court deemed Trump tariffs illegal. Dr. VK Vijayakumar predicts legal challenges ahead for a new 15% global tariff proposed by Trump.

In a week alone, textile stocks have zoomed up to 40% amid trade deal optimism. Gokaldas Exports' stock has emerged as the biggest gainer, as it soared 42%. Welspun Living, KPR Mills, Vardhman and Trident have gained up to 19%, reflecting increased investor interest in the segment.

The Indian stock market faced selling pressure on February 5, with key indices like Nifty 50 and Sensex declining. A sell-off in metals and weak global cues contributed to the downturn, while financial stocks also suffered losses ahead of the RBI meeting.

Following a US-India trade deal, textile stocks gained traction with Gokaldas Exports, Indocount Industries, and Faze Three each rising 20%. Lower tariffs improve India's competitive edge, supporting the textile industry's growth and reducing reliance on other countries.