Editor’s Note
This article highlights specific textile stocks sensitive to US trade policy shifts, given their significant revenue exposure. Investors should monitor these developments closely.
Stocks To Watch: Gokaldas Exports, Indo Count Industries, and KPR Mill are expected to be in the spotlight. Textile stocks were among the worst affected following the announcement of reciprocal tariffs and trade deals with other countries, given their high exposure to the US market. Most companies in the sector derive between 50% and 70% of their total revenue from the US.
The Indian stock market is expected to see a huge gap-up opening on Tuesday, February 3. The GIFT NIFTY futures suggest that the NIFTY50 index will open 1,073 points higher.
Here is a list of stocks that may remain in focus today.
These sectors are expected to be in the spotlight as India and the United States announced a historic trade deal on Monday, February 2, late evening.
India and the US agreed on a trade deal under which Washington will reduce the reciprocal tariff on Indian goods to 18% from the current 25%, US President Donald Trump said on Monday, following a phone conversation with Prime Minister Narendra Modi.
From a sectoral lens, export-orientated segments such as IT services, textiles, pharmaceuticals, specialty chemicals, auto ancillaries, and select engineering goods stand to benefit the most.
Gokaldas Exports, Indo Count Industries, and KPR Mill are expected to be in the spotlight. Textile stocks were among the worst affected following the announcement of reciprocal tariffs and trade deals with other countries, given their high exposure to the US market. Most companies in the sector derive between 50% and 70% of their total revenue from the US.
Stocks such as Infosys, TCS, and LTIMindtree, among others, will be in focus. These companies stand to benefit meaningfully from the India–US trade deal, mostly through sentiment, demand visibility, and cost competitiveness, rather than direct tariff relief.
Tata Motors, Samvardhana Motherson, and others are also expected to be in the spotlight.
Sun Pharma, Dr Reddy’s, Cipla, and other pharma stocks are expected to hog the limelight.
Stocks such as SRF, among others, will be in the spotlight.
Indus Towers on Monday saw its net profit tank 55.6% to ₹1,776 crore for the December quarter but said recent government measures on AGR dues of a major customer are expected to aid the firm’s financial stability and also “bode well” for its own prospects.
The consolidated revenue for the just-ended quarter (Q3FY26) was ₹8,146 crore, up 7.9% year-on-year. The consolidated EBITDA stood at ₹4,509 crore, down 35.6% year-on-year, representing a margin of 55.3 per cent.
Indus Towers’ net profit more than halved year-on-year to ₹1,776 crore for the December 2025 quarter, it said in a statement.
Paints and coatings maker Akzo Nobel India Ltd on Monday reported a 31.58% drop in its consolidated net profit to ₹74.3 crore for the December quarter of FY26.
The company, maker of Dulux paints, had posted a net profit of ₹108.6 crore in the corresponding October-December quarter a year ago, according to a regulatory filing from Akzo Nobel India Ltd (ANIL).
ANIL, now controlled by JSW Paints, had exceptional items (net loss) totalling ₹28.3 crore in the December quarter. This is on account of the implementation of the new Labour Codes, which had a statutory impact of ₹27.9 crore, along with retention bonus and receipt recognised towards impairment provision in Q3.
A host of companies will release their December quarter numbers today. The list includes names such as Bajaj Finance, Adani Ports and Special Economic Zone, Adani Enterprises, PepsiCo bottler Varun Beverages, Pidilite Industries, Solar Industries India, Aditya Birla Capital and drugmaker Mankind Pharma.
