Vardhman, Ambika Cotton Stocks Rocket as India Axes 11% Import Duty – Textile Sector Booms

India’s textile sector just got a shot of adrenaline. The government’s surprise move to scrap the 11% cotton import duty sent stocks like Vardhman Textiles and Ambika Cotton soaring—because nothing gets markets hotter than a tax break.

The Duty Cut That Lit the Fuse

No more import tax means cheaper raw materials, fatter margins, and a straight shot to higher profits. Investors piled in fast—because when the government hands out free money (or at least cheaper cotton), you don’t ask questions.

Textile Titans Reap the Windfall

Vardhman and Ambika, two of India’s biggest players, are now sitting pretty. Lower costs? Check. Higher demand? Likely. Stock prices mooning? Absolutely. Meanwhile, smaller competitors scramble to keep up—welcome to capitalism’s hunger games.

The Cynical Take

Let’s be real: this is a short-term sugar rush. Once the duty-cut high wears off, the sector will be right back to sweating over global prices, demand swings, and the next government policy twist. But hey—for today, the bulls are winning.

Also read

India removes 11% cotton import duty till September to boost domestic industry

Shares of Vardhman Textiles surged 6.85 per cent to ₹437.35 on the BSE at 12.15 pm, hitting an intraday high of ₹447.50 against the previous close of ₹409.30.

Ambika Cotton Mills zoomed 6.23 per cent to ₹1,517.45, hitting a high of ₹1,536.65 against the previous close of ₹1,428.45.

Welspun Living scrip traded 4.65 per cent positive at ₹122.60, close to the intraday high of ₹124.75.

Gokaldas Exports ROSE 2.23 per cent to ₹741.90 and Arvind Ltd traded 2.33 per cent positive at ₹300.45.

KPR Mill shares traded flat at ₹987.40 after opening higher at ₹1,004.95.

Published on August 19, 2025