Ashish Kacholia-portfolio textile stock jumps 20% after on rising trade deal hopes

Shares of Faze Three Ltd. a manufacturer and exporter of home interior products are locked in a 20% upper circuit, on rising hopes of a potential trade deal between India and the US.Textile stocks from Gokaldas Exports to Welspun Living have gained up to 9% on Wednesday after US President Donald Trump and Indian Prime Minister Narendra Modi expressed optimism that both India and the US will continue their talks to address the issues with regards to the trade deal.

Faze Three manufacturers and exports products that range from bedspreads, decorative cushions, tabletops, rugs, bedmats and carpets.

As per its annual report for the financial year 2025, 90% of its overall topline comes from organised exports to the US, European Union and the UK markets. 57% of the overall revenue came from the US markets in the previous financial year, as per the annual report.As per its shareholding pattern for the June quarter, promoters of Faze Three had a 57% stake in the company. The stock has no institutional holding, both on the domestic and on the foreign front.

Among prominent public shareholders, investor Ashish Kacholia has a 5.42% stake in the company as per its June quarter shareholding pattern. At the current market price, Kacholia’s 13 lakh shares that he owns in the company are valued at ₹72 crore.

Shares of Faze Three are locked in a 20% upper circuit at ₹547. No analyst has coverage on the stock. As many as 6.5 lakh shares of the company have changed hands within the first hour of the trading session, compared to its 20-day average volume of 31,000 shares.

At the current price, Faze Three has a market capitalisation of ₹1,330 crore.