Trident Shares Jump Sharply After India-US Trade Deal Boosts Textile Stocks

Indian textile shares jumped sharply today as markets cheered a fresh trade pact between India and the US. Trident Ltd stood out with massive trading volume and a strong price rise, drawing eyes from traders and investors alike.​

India-US Trade Deal Sparks Textile Rally

Markets lit up on 3 February 2026 after US President Donald Trump and Indian Prime Minister Narendra Modi sealed a key trade agreement late the night before. The deal cuts US reciprocal tariffs on Indian goods from 25% to 18%, easing costs for exporters in textiles, shrimp, and other sectors.

This move helps Indian firms compete better against rivals like Vietnam and Bangladesh. Trump shared the news on Truth Social, calling it a win born of friendship with Modi, while the PM thanked him for backing "Made in India" products. Shares in export-heavy textile firms soared up to 20% in early trade, with the garments and apparel sector up over 8% against a 2.5% rise in the Sensex.

The timing feels spot on. Global buyers seek supply chains away from China, and lower US duties open doors for more orders to Indian mills and garment makers.​

Trident Ltd Volume Explosion and Price Action

Trident Ltd grabbed headlines with a standout performance amid the sector buzz. The stock saw over 20 million shares traded by mid-morning, worth around ₹6,080 lakhs, far above its usual daily average.​

It gapped up nearly 20% at open to ₹30.94 from the prior close of ₹25.79, then swung between ₹28.33 and that high amid 5.8% volatility. By late morning, it held at about ₹28.35, up roughly 10% on the day. This beat the sector's 8.7% gain and Sensex's modest lift, showing real investor pick-up for the small-cap player.

Signs point to buyers stepping in at lower levels, as more volume hit near the day's bottom. Trident, a garments and textiles firm with ₹13,000 crore market cap, now sits above its short-term moving averages but below the key 200-day line.​

Other Textile Stocks Soar Up to 20%

The rally spread wide across the board. Kitex Garments, Gokaldas Exports, KPR Mill, and Welspun Living shot up 15-20% in spots, with mid-caps like Trident joining the charge.

KPR Mill and others hit buying frenzy as hopes grew for fatter US orders. Even Sanathan Textiles climbed nearly 10%. This builds on budget nods for textiles, but today's trigger was pure trade deal hype.

Investor Caution Amid Volatility and Fundamentals

Excitement is high, but not all smooth. Trident's delivery volumes dipped lately, hinting at short-term traders over long-haul buyers. Its rating sits at "Sell" from analysts due to middling fundamentals and a mojo score of 43.​

The stock reversed two days of drops, but holding gains needs watch, especially if it clears longer-term averages. Broader risks like global demand or rupee swings linger.​

For buyers, this could mean quick trades on momentum. Long-term folks might wait for steady volumes and company updates. The sector looks promising with US doors wider open, yet pick firms with solid books. Overall, today's action flags textiles as a hot watch, but play smart in choppy waters.