Welspun Living surged to a new peak after the Indian government extended the RoDTEP export rebate scheme for three months, boosting investor confidence amid global trade uncertainties.
Welspun Living climbed to a fresh peak on Thursday after the Indian government extended the RoDTEP export rebate scheme for another three months, a move that analysts said should help preserve margins for textile exporters in a choppy global trading environment. According to Business Standard, the stock rose as much as 8% on the BSE to ₹245, surpassing its previous record of ₹233.15 reached on September 23, 2026, while the benchmark Sensex was weaker. By midday, the shares were still trading higher, and turnover had more than doubled, with about 16.12 million shares changing hands across the NSE and BSE.
The latest leg of the rally builds on a dramatic run-up over the past six months. Business Standard said Welspun Living has gained 112% in that period, in sharp contrast with a 1% decline in the Sensex. The shares have been supported by investor optimism that policy stability on export incentives will continue to cushion the textile sector against demand uncertainty and tariff pressures abroad.
The government extended the Remission of Duties and Taxes on Exported Products scheme until December 31, 2026, while keeping existing rates and caps in place, according to reporting by Business Standard, Moneycontrol and The Economic Times. Reuters-style coverage of the policy move has emphasised that the programme reimburses exporters for duties and levies embedded in production costs, helping Indian goods remain competitive overseas. A separate Business Standard report said the equally relevant RoSCTL scheme was also extended to the same date, reinforcing the message that the state intends to maintain support for exporters through the end of the year.
Brokerage commentary has added to the bullish case for Welspun Living. ICICI Securities said the extension of RoDTEP is sentimentally positive for textile companies, particularly home textile and yarn makers, which benefit directly from the scheme. Jefferies, meanwhile, reiterated a Buy rating on Welspun Living with a target price of ₹260, arguing that export incentives are critical for the company because a large share of its sales comes from bed and bath linen that qualify for remission benefits. The brokerage said these incentives have a meaningful effect on revenue realisation and margins, underscoring why the stock has reacted so strongly to the policy extension.
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