New Delhi, June 24 -- Motilal Oswal has initiated coverage on eight textile and apparel companies, citing a gradual recovery in global demand, capacity additions, improving utilisation levels and potential gains from lower tariffs and free trade agreements.

The brokerage has assigned 'buy' ratings to Gokaldas Exports, Arvind, Pearl Global Industries, Indo Count Industries and Welspun Living, while maintaining 'neutral' ratings on KPR Mill, Trident and Vardhman Textiles.

Gokaldas Exports: Buy | Target price Rs.1,110: Motilal Oswal expects Gokaldas Exports to deliver strong growth, driven by capacity expansion in India and higher utilisation at its Africa operations following the renewal of the African Growth and Opportunity Act (AGOA). I...