textile stocks

Export-oriented shrimp, textiles stocks slide up to 12% after Trump’s 50% tariff takes effect

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Export-oriented shrimp, textiles stocks slide up to 12% after Trump’s 50% tariff takes effect

Shares of shrimp and textile exporters sank as much as 12% on Thursday after U.S. President Donald Trump’s 50% tariff on Indian imports came into force, eroding competitiveness and triggering a broad selloff in some of India’s most export-dependent companies. Shares of India’s leading shrimp exporters fell, with Avanti Feeds down 4% to Rs 614.05, … Read more

Gokaldas Exports, KPR Mill, other textile stocks rally up to 19% on optimism of zero-tariff access to UK market

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Gokaldas Exports, KPR Mill, other textile stocks rally up to 19% on optimism of zero-tariff access to UK market

Shares of Indian textile exporters surged up to 19% on Wednesday after India and the United Kingdom concluded negotiations for a landmark free trade agreement (FTA) that eliminates import duties on textiles and garments. Gokaldas Exports led the rally, climbing as much as 18.8% to Rs 1,013 on the BSE. Shares of KPR Mill rose … Read more