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Gokaldas Exports, Other Textile Stocks Surge Up To 8% After US Imposes 35% Tariff On Bangladesh

Gokaldas Exports, Other Textile Stocks Surge Up To 8% After US Imposes 35% Tariff On Bangladesh

News1808-07-2025
Shares of Indian textile companies including Gokaldas Exports, KPR Mill, Vardhman Textiles, and Arvind Ltd zoomed up to 8.2% in intraday trade on Tuesday, July 8, after the US administration, under President Donald Trump, announced a 35% tariff on Bangladesh, with specific implications for the apparel and textile sector.
The shares of Gokaldas Exports surged 8.2% on Tuesday, reaching a high of Rs 974.70, and leading the gains among textile stocks. Vardhman Textiles shares followed closely, rising 7.9% to touch Rs 537.70. KPR Mill shares climbed 4% to reach Rs 1,204.85 during the session, while the shares of Arvind Ltd gained 2.9%, hitting an intraday high of Rs 356.35.
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