New Delhi, Sept. 23 -- The next phase of value creation in the domestic textile and apparel industry will favour scaled, compliant and execution driven apparel manufacturers. Companies like Gokaldas Exports, KPR Mill (KPR), and Pearl Global Industries (PGIL) emerge as the primary listed Indian beneficiaries, according to a latest PL Capital report.

The brokerage sees nearly 37% upside in Gokaldas Exports, and around 12.9% upside in KPR Mill.

PL Capital gave a 'Buy' rating to Gokaldas Exports with a target price of Rs.953 per share. The company's volume growth is expected to be accompanied by backward integration benefits and operating efficiencies.

"We initiate coverage on Gokaldas Exports (GEXP) with 'BUY' rating and TP of INR953, val...