Faze Three Stock Soars on Renewed Trade Optimism
In a remarkable trading session on Tuesday, November 18, shares of Faze Three Limited, a prominent manufacturer of home textile products, witnessed a substantial surge. The stock price rallied by an impressive 11%, climbing to an eight-week high of ₹565 per share. This upward movement was primarily fueled by a significant spike in trading volumes, indicating strong investor interest.
Heavy Volumes and Broader Sector Momentum
By 2:00 p.m. during the trade, a substantial volume of 5.42 lakh shares of Faze Three had been traded across both the BSE and NSE. This bullish trend was not isolated to Faze Three alone. The entire textile sector on Dalal Street has been experiencing a wave of renewed buying interest in recent weeks. The primary driver behind this optimism is the growing expectation that India and the United States are close to finalizing a long-awaited trade agreement.
The sentiment received a significant boost earlier last week when US President Donald Trump indicated that tariffs imposed on India would be lowered "very substantially". This aligns with a report from Mint on September 22, which suggested that US tariffs on Indian goods could be reduced to 15–16% from the current steep rate of 50%.
The Road to a Trade Deal and Its Impact
The trade agreement between the two nations, which had been stalled for a considerable time, now appears to be moving towards a favorable conclusion. Reports suggest that India has agreed to reduce its crude oil imports from Russia. Furthermore, India may allow greater market access for non-genetically modified (GM) American corn and soymeal.
The textile sector was among the hardest hit after the US imposed 50% tariffs in August. The negative impact of these higher duties was immediately visible in the export data. India's textile and apparel exports plummeted by 10.34% in September 2025, highlighting the sector's vulnerability to such trade barriers.
According to the latest data, India held about 6% of the United States' total apparel imports in 2024. This translated to exports worth roughly $4.8 billion out of the US's $80 billion import market. These exports to the US constitute a substantial 33% of India's overall apparel exports. When combined with $5.2 billion worth of textile exports, the total apparel and textile exports to the US reach approximately $10 billion.
The significance of this sector to the Indian economy cannot be overstated. It is the second-largest employer in the country, providing direct employment to over 45 million people. The sector contributes about 2% to the national GDP and accounts for a significant 12% of India's total exports.
Faze Three's Export Focus and Key Shareholder
For Faze Three, the US market is a critical component of its business strategy. The company generates a staggering 90% of its revenue from exports, with its key markets being the USA, UK, and Europe.
Adding to the company's investor appeal is the presence of a notable shareholder. Ashish Kacholia, often referred to as the "Big Whale" of Dalal Street, held a 5.42% stake in Faze Three at the end of the September quarter. Trendlyne data shows he has maintained a stake in the company since September 2021. The majority shareholding, 58%, rests with the promoters, while general public shareholders own 40.7%.
Faze Three is primarily engaged in the manufacturing and export of high-end home textile products for top global retailers. Its diversified product portfolio includes items like bathmats, bath rugs, blankets, bedspreads, rugs, and throws, positioning it as a key player in the global home furnishings market.
