Textile stocks gain as RoSCTL extension hopes lift export outlook
Raymond, Welspun Living, Alok Industries and Indo Count rose after reports that the government may extend the RoSCTL export-tax rebate beyond September 2026. The industry is seeking a five-year extension and a doubling of the annual allocation to Rs 10,000 crore.
What happened
Raymond Ltd. · Indian textile stocks rose after reports that the government may extend the RoSCTL export-tax rebate beyond September 2026. Exporters seek a
Key facts
- Raymond shares rose 8% to Rs 1,055.84
- Welspun Living gained 1.63% to Rs 218.15
- Alok Industries gained 1.5% to Rs 7.20
- Indo Count gained 1.55% to Rs 454.70
- Industry seeks Rs 10,000 crore allocation
Why this matters
A five-year RoSCTL extension would strengthen export pricing and planning visibility for Indian textile suppliers, supporting retailer sourcing resilience from India.