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Textile stocks to rally? Emkay sees sector at inflection point to regain lost glory, initiates ‘Buy’ call on 3 stocks

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Textile stocks to rally? Emkay sees sector at inflection point to regain lost glory, initiates 'Buy' call on 3 stocks
India, which has traditionally been a textile powerhouse, is at an inflexion point to regain its lost glory after some recent market share loss, said Emkay Global Financial Services as it initiated coverage on the textile sector with a ‘Buy’ call on the shares of Arvind, Nitin Spinners and Sanathan Textiles.

In its report, Emkay Global said India has lost market share in the global apparel trade, which has been stagnant at 3-4% over the past 15 years. However, it believes that the sector may soon see a turnaround led by a strengthening domestic MMF ecosystem, free trade agreements (FTA) with major economies, 7-8% US tariff gap compared to China, favourable regulatory taxes, robust corporate balance sheets and the fastest-growing domestic apparel market.

The brokerage highlighted that Indian textile and apparel manufacturers have largely emerged unscathed from multiple shocks like the COVID-19 pandemic, Russia-Ukraine war, hostile US tariffs and more. “We believe the ongoing West Asia crisis, too, will have a short-term impact on margins (higher energy, logistics costs), which should see a sharp recovery on attaining normalcy. Backed by a robust domestic market, favourable USD-INR rate, and a strong balance sheet, we believe domestic players would be able to absorb future shocks too,” it said.

Emkay called spinners an attractive category, citing several tailwinds. USDA has said that global cotton demand will outpace supply in the upcoming season as cotton production is likely to be hit by the mega El Nino impact, lower water reservoir levels and other factors. This has already resulted in rising cotton prices. “Given the likely global cotton shortage, we expect yarn spreads to at least be rangebound at current levels in the near term,” Emkay said.

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Also read: Time for a relook at textile sector as tariff tantrum may soon be history?


Technical textiles, meanwhile, are the sunrise segment, according to the brokerage. These textiles find use in packaging materials, defence uniforms or equipment, auto interiors, industrial ropes and nets, etc. They enjoy superior operating margins of 15-30%. “Technical textiles’ domestic market size saw 7-8% CAGR over FY20-26P; we expect this to increase to early-double digits over the next 5Y, mainly on the back of 1) multiple FTAs; 2) tariff differential vs China; 3) ecosystem boost led by PLIs and PM MITRA parks; and 4) GST cuts on MMF fibers and yarns to 5% (from 12%),” Emkay said.

Emkay on Arvind share price

Emkay initiated coverage on Arvind shares with a ‘Buy’ call and a target price of Rs 700 apiece. This implies an upside potential of nearly 42% from the stock’s previous closing price of Rs 493.70 apiece on NSE.
The shares of the company have gained 5% in one week, 15% in one month and 57% in 2026 so far, bucking the overall market downtrend.

Emkay on Nitin Spinners

Nitin Spinners also got a ‘Buy’ rating from Emkay, which assigned a target price of Rs 750 apiece for the stock. This implies an upside potential of 40% from the previous closing price.The shares of Nitin Spinners have jumped 6% in five days and 12% in one month. The stock overall gained 69% in 2026 so far.

Also read:
Sterlite Tech shares slide 5% after rallying 56% in one month. Here’s why

Emkay on Sanathan Textiles

Emkay has a ‘Buy’ call for the shares of Sanathan Textiles, with a target price of Rs 550 apiece. This implies an upside potential of 39% from the previous closing price.

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The shares of the company tumbled more than 9% in one month, and are down 5% in 2026 so far.

Also read: Why is market crashing today?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Perth-born Stax's collapse leaves 13,000 orders unfulfilled

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Perth-born Stax's collapse leaves 13,000 orders unfulfilled

Almost 13,000 customer orders remain unfulfilled from collapsed Perth-born retailer Stax Group, as liquidators estimate liabilities of almost $24 million.

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Duratec secures $70m in contracts

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Where and When to Watch July’s Full Moon Rise at Peak Illumination for Skywatchers Nationwide

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Buck Moon 2026: Where and When to Watch July's Full

July’s full moon, known as the Buck Moon, reaches peak illumination Wednesday morning, offering skywatchers across the country a chance to catch one of the year’s most anticipated lunar events as it rises into the evening sky.

The Buck Moon occurs at 10:36 a.m. Eastern time on Wednesday, July 29, 2026. Because the moon will be below the horizon at that exact moment for most of North America, the best viewing opportunity comes later in the day. Skywatchers should plan to look toward the southeast after sunset to watch the moon rise into the evening sky.

When and Where to Look

The best evening to watch the Buck Moon rise is Wednesday, July 29, 2026, at the exact time of moonrise for a given location, with the best views across North America expected as the moon rises in the southeast during dusk. The full moon will rise this evening within about 20 minutes of sunset, meaning skywatchers in most locations should head outside shortly before the sun goes down to catch the moon as it climbs above the horizon.

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For those hoping to capture the most dramatic view, timing matters. Viewers can consult a moonrise and moonset calculator to determine precisely when the Buck Moon will become visible in their specific area, since exact rise times vary by location. To see the full moon at its best, skywatchers are encouraged to find an elevated location, an open field, or a coastline with a clear, unobstructed view of the horizon.

A Striking Optical Illusion

One of the most compelling reasons to catch the moon shortly after it rises is a well-known visual phenomenon. The best time to notice the July full moon illusion is shortly after moonrise, when the Buck Moon is still low above the horizon, at which point the lunar disk tends to appear larger and more dramatic than it does later in the night once it climbs higher into the sky.

Why It’s Called the Buck Moon

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The July full moon’s name traces back to a seasonal pattern in nature that has been observed for generations. The full moon in July is called the Buck Moon because the antlers of male deer are in full-growth mode at this time of year, with bucks shedding and regrowing their antlers annually, producing a larger and more impressive set as the years go by. The moon earned its name from northeastern Native American tribes who observed that deer antlers were in “full-growth mode” during this period of the summer.

Other cultures and traditions have applied different names to July’s full moon, many of which also draw on seasonal and natural themes. Alternative names include the Feather Moulting Moon among the Cree and the Salmon Moon among the Tlingit, marking when fish returned to the area and were ready to be harvested, along with plant-inspired names such as the Berry Moon, the Moon When the Chokecherries Are Ripe, and the Raspberry Moon.

Its Place in the 2026 Full Moon Calendar

The Buck Moon is the eighth of 13 full moons occurring in 2026, a result of the mismatch between the roughly 365-day solar year and the approximately 354-day lunar year, which occasionally produces calendar years containing 13 full moons instead of the usual 12. The moon will appear in the constellation Capricornus during this month’s full phase.

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What Comes Next in the Night Sky

This month’s full moon also sets the stage for a string of notable celestial events in the weeks ahead. The Buck Moon arrives just two weeks before a total solar eclipse on Aug. 12, one of the biggest sky events of the year, and roughly four weeks before a partial lunar eclipse. The next full moon after the Buck Moon will be the Sturgeon Moon on Friday, Aug. 28, 2026, which coincides with a deep partial lunar eclipse in which nearly 97% of the moon will pass into Earth’s dark shadow, making it appear dimmed and reddish-orange, though it will fall short of a full “blood moon” total eclipse.

A Night With Cultural and Spiritual Significance

Beyond its astronomical importance, this month’s full moon also holds meaning across several religious and cultural traditions observed around the world. The July full moon marks the celebration of Guru Purnima for followers of the Hindu and Buddhist faiths, a day when worshippers honor their teachers and spiritual guides through fasting, temple visits and acts of service and gratitude. July 29 also coincides with the holy day of Asalha Puja for the Theravada Buddhist community, commemorating the Buddha’s first sermon, delivered in Sarnath, India, where he taught the Four Noble Truths.

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Other Sights to Look For

While the moon’s brightness will make it harder to spot fainter deep-sky objects on the night of the full moon itself, skywatchers can still find other highlights nearby. Despite the glare of the Buck Moon washing out many fainter objects in the night sky, observers may still be able to spot the Summer Triangle asterism, along with an evening star shining low on the western horizon, which will set less than two hours after sunset.

Tips for the Best Viewing Experience

For those planning to watch the Buck Moon rise, weather conditions, viewing angle and timing will all play a role in the experience. Clear skies and an unobstructed eastern or southeastern horizon offer the best chance to catch the moon as it first emerges, when the optical illusion that makes it appear unusually large is at its most striking. As with most full moons, no special equipment is needed to enjoy the view, though binoculars or a telescope can enhance the experience for those hoping to pick out surface details once the moon has climbed higher into the sky later in the evening.

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Unilever raises 2026 sales outlook after strong Q2 volume growth

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Unilever raises 2026 sales outlook after strong Q2 volume growth

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Bellevue secures FY26 guidance following record campaign

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Bellevue secures FY26 guidance following record campaign

Bellevue Gold boss Darren Stralow says the company’s consistent mine grades played a key role in the company achieving record annual production.

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Vysarn announces second major water acquisition

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Vysarn announces second major water acquisition

Perth-based Vysarn is raising $65.3 million to help fund the acquisition of local firm Welltech, just weeks after completing another acquisition in the water services industry.

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IGO Limited (IIDDY) Q4 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript