Kitex Garments addressed a query regarding a recent surge in its share trading volume on February 24, 2026. The company linked the increased market interest to recent developments concerning US Supreme Court rulings on broad Trump-era tariffs. As over 80% of Kitex’s revenue comes from exports to the US, easing trade uncertainties has provided a significant positive sentiment boost to the stock.
Response to Exchange Inquiry on Volume Surge
Kitex Garments Limited formally responded to a query dated February 24, 2026, concerning the unusual increase in the trading volume of the company’s shares across exchanges. The company confirmed that it had not withheld any previously undisclosed price-sensitive information.
Impact of US Tariff Dynamics
The management indicated that the recent market activity is likely influenced by external trade factors, specifically developments impacting its key export market. Kitex Garments derives more than 80% of its total revenue from exports, primarily consisting of infant and children’s garments shipped to the United States of America. The announcement highlighted the negative impact that previous tariff hikes had been exerting on their trade dynamics.
Supreme Court Ruling and Market Sentiment
Crucially, the company referenced the latest news regarding a US Supreme Court ruling. This ruling reportedly struck down broad Trump-era tariffs imposed via executive orders. This development is seen as easing trade uncertainties specifically for Indian textile exporters, thereby providing a “fillip” to export-oriented companies like Kitex Garments on the expectation of a positive long-term trade outcome.
Forward-Looking Disclosure Commitment
Kitex Garments stated that it is unaware of any other internal information that caused the observed movement in share volume. Furthermore, the Company affirmed its commitment to continue timely disclosures regarding any future price-sensitive information that may impact the share price or volume for the benefit of its shareholders.
Source: BSE
