The apparel products manufacturer has seen its stock surge 23% in the last three trading sessions, since India signed its Free Trade Agreement with the United Kingdom earlier this week.
As per the FTA, Indian textiles and apparel exports, which earlier faced up to 12% duties in the UK, will now have zero duties. This also puts the country’s textile industry ahead of markets like Bangladesh, who do not have a similar FTA with the UK.
Gokaldas Exports, in an interaction with CNBC-TV18, saw this as a $1 billion opportunity in the UK market.
More clarity will be awaited from the management of KPR Mill as to how they view this FTA and the potential benefits arising from the same.
10 analysts have coverage on KPR Mill, with five analysts each having a “buy” and a “hold” rating each.
Shares of KPR Mill are trading 5% higher ahead of the results announcement at ₹1,248.6. The stock has risen 35% in the last one month in the lead up to its results.
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