Capex boom, global sourcing tailwinds fuel textile stock rally (opens original article in a new tab)

Textile exporter shares rose after Motilal Oswal's 'buy' ratings citing capex and global sourcing opportunities, with price targets suggesting 9-28% gains.

• Motilal Oswal initiated coverage on textile companies with 'buy' ratings
• Textile exporters saw shares rise 3.7% to 11.2% following the report
• Indian textile sector entering capex cycle with investments in higher-margin segments
• Price targets suggest 9% to 28% gains over closing prices
• Current investments focus on garments, technical textiles, automation, and sustainability