Textile Stocks Surge: Why Raymond, Welspun & KPR Mills Could See More Upside Ahead

Textile stocks are seeing strong buying interest, with Raymond, Raymond Lifestyle, Nitin Spinners and Digjam among the stocks gaining sharply in trade. The sector is attracting attention following the UK-India Free Trade Agreement and expectations of stronger revenues and margins in upcoming quarters. Rachit Khandelwal, Head Research & Investor Education, BNK Securities, says the momentum in the textile space could continue, highlighting KPR Mills as a stock with further upside potential. He suggests staggered buying up to ₹1,088, with a closing-based stop loss near ₹1,028. The stock has trading targets of ₹1,200–1,224, followed by ₹1,368 and ₹1,400.