Latest news with #GokaldasExports
Economic Times
09-07-2025
- Business
- Economic Times
Textile Stocks: Textile stocks rally after US hikes tariffs on Bangladesh garments
Jhunjhunwala said valuations are factoring in structural opportunities from the US Free Trade Agreement, the India-US trade deal, and a potential deal between the EU and India, but near-term uncertainty is expected to persist. Indian textile stocks saw a surge following the United States' decision to impose tariffs on Bangladeshi garment imports. This move sparked optimism for Indian companies, anticipating improved export prospects. Analysts suggest a potential trade deal between India and the US could further benefit the sector. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Textile stocks jumped up to 9% on Tuesday after US President Donald Trump imposed 35% tariffs on garment imports from Bangladesh - one of the biggest exporters of garments to the US - effective from August 1. The move spurred optimism in Indian textile stocks, in anticipation that lower tariffs on Indian exports could lead to better prospects for these said a trade deal between India and the US could lead to lower tariffs, which may improve business for textile companies."The imposition of a higher rate of tariffs on key garment exporters like Bangladesh puts Indian textile exporters in a favourable position," said Kaustubh Pawaskar, VP - lead analyst (consumption), ICICI Securities (retail). "Any positive development in the India-US trade deal could result in further gains."However, until the uncertainty over the deal persists, near-term volatility cannot be ruled stocks gave up some of the gains but still closed higher on Tuesday. Raymond Lifestyle gained 5%, while KPR Mills and Trident advanced 3.6% and 3.3%, respectively. Gokaldas Exports and Garware Technical Fibres rose 2.7% and 2.1%, respectively, while Welspun Living moved 0.6% higher."The 35% tariffs on Bangladesh and 36% on Cambodia and 40% on Myanmar-major textile exporting nations - may be favourable for India, as the expected trade deal between the US and India may include a lower tariff rate for India, which prompted the buying interest in textile stocks today," said Prerna Jhunjhunwala, VP, equity research - textile and retail, Elara said valuations are factoring in structural opportunities from the US Free Trade Agreement, the India-US trade deal, and a potential deal between the EU and India, but near-term uncertainty is expected to persist."With Bangladesh's key exports - woven apparel ($4.78B) and knitwear ($2.63B) - now costlier, India's own exports in knit & woven garments ($2.55B each) and home textiles ($2.21B) are set to gain share," said Dharan Shah, Founder, - an investment platform. "Gokaldas Exports, Vardhman Textiles, and KPR Mills are best positioned to benefit from this sourcing shift, especially in high-demand US apparel segments," he said.
Economic Times
09-07-2025
- Business
- Economic Times
Textile stocks rally after US hikes tariffs on Bangladesh garments
Mumbai: Textile stocks jumped up to 9% on Tuesday after US President Donald Trump imposed 35% tariffs on garment imports from Bangladesh - one of the biggest exporters of garments to the US - effective from August 1. The move spurred optimism in Indian textile stocks, in anticipation that lower tariffs on Indian exports could lead to better prospects for these companies. ADVERTISEMENT Analysts said a trade deal between India and the US could lead to lower tariffs, which may improve business for textile companies. "The imposition of a higher rate of tariffs on key garment exporters like Bangladesh puts Indian textile exporters in a favourable position," said Kaustubh Pawaskar, VP - lead analyst (consumption), ICICI Securities (retail). "Any positive development in the India-US trade deal could result in further gains." However, until the uncertainty over the deal persists, near-term volatility cannot be ruled out. The stocks gave up some of the gains but still closed higher on Tuesday. Raymond Lifestyle gained 5%, while KPR Mills and Trident advanced 3.6% and 3.3%, respectively. Gokaldas Exports and Garware Technical Fibres rose 2.7% and 2.1%, respectively, while Welspun Living moved 0.6% higher. "The 35% tariffs on Bangladesh and 36% on Cambodia and 40% on Myanmar-major textile exporting nations - may be favourable for India, as the expected trade deal between the US and India may include a lower tariff rate for India, which prompted the buying interest in textile stocks today," said Prerna Jhunjhunwala, VP, equity research - textile and retail, Elara Capital. ADVERTISEMENT Jhunjhunwala said valuations are factoring in structural opportunities from the US Free Trade Agreement, the India-US trade deal, and a potential deal between the EU and India, but near-term uncertainty is expected to persist."With Bangladesh's key exports - woven apparel ($4.78B) and knitwear ($2.63B) - now costlier, India's own exports in knit & woven garments ($2.55B each) and home textiles ($2.21B) are set to gain share," said Dharan Shah, Founder, - an investment platform. "Gokaldas Exports, Vardhman Textiles, and KPR Mills are best positioned to benefit from this sourcing shift, especially in high-demand US apparel segments," he said. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
09-07-2025
- Business
- Time of India
Textile stocks rally after US hikes tariffs on Bangladesh garments
Mumbai: Textile stocks jumped up to 9% on Tuesday after US President Donald Trump imposed 35% tariffs on garment imports from Bangladesh - one of the biggest exporters of garments to the US - effective from August 1. The move spurred optimism in Indian textile stocks, in anticipation that lower tariffs on Indian exports could lead to better prospects for these companies. Analysts said a trade deal between India and the US could lead to lower tariffs, which may improve business for textile companies. "The imposition of a higher rate of tariffs on key garment exporters like Bangladesh puts Indian textile exporters in a favourable position," said Kaustubh Pawaskar, VP - lead analyst (consumption), ICICI Securities (retail). "Any positive development in the India-US trade deal could result in further gains." However, until the uncertainty over the deal persists, near-term volatility cannot be ruled out. The stocks gave up some of the gains but still closed higher on Tuesday. Raymond Lifestyle gained 5%, while KPR Mills and Trident advanced 3.6% and 3.3%, respectively. Gokaldas Exports and Garware Technical Fibres rose 2.7% and 2.1%, respectively, while Welspun Living moved 0.6% higher. "The 35% tariffs on Bangladesh and 36% on Cambodia and 40% on Myanmar-major textile exporting nations - may be favourable for India, as the expected trade deal between the US and India may include a lower tariff rate for India, which prompted the buying interest in textile stocks today," said Prerna Jhunjhunwala, VP, equity research - textile and retail, Elara Capital. Jhunjhunwala said valuations are factoring in structural opportunities from the US Free Trade Agreement, the India-US trade deal, and a potential deal between the EU and India, but near-term uncertainty is expected to persist. "With Bangladesh's key exports - woven apparel ($4.78B) and knitwear ($2.63B) - now costlier, India's own exports in knit & woven garments ($2.55B each) and home textiles ($2.21B) are set to gain share," said Dharan Shah, Founder, - an investment platform. "Gokaldas Exports, Vardhman Textiles, and KPR Mills are best positioned to benefit from this sourcing shift, especially in high-demand US apparel segments," he said.
Economic Times
08-07-2025
- Business
- Economic Times
Gokaldas Exports, other textile stocks zoom up to 8% as US slaps 35% tariff on Bangladesh
The newly announced tariff, set to take effect on August 1, is slightly lower than the 37% rate initially proposed in April. Nevertheless, it remains well above the standard 10% baseline and is likely to affect Bangladesh's competitiveness in the global garment supply chain. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Indian textile companies including Gokaldas Exports 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 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 newly announced tariff, which takes effect from August 1, is a slight drop from the 37% rate that had been proposed earlier in April. However, it still stands significantly above the standard 10% tariff baseline and is expected to impact Bangladesh's competitiveness in the global garment supply the US has left the door open for negotiations in the weeks leading up to the implementation, the announcement has already prompted a reassessment of sourcing strategies among American tariff escalation comes on the heels of a recent trade agreement signed between the US and Vietnam, which imposes a 20% tariff on direct Vietnamese exports and a steeper 40% duty on transshipped goods—exports routed through Vietnam but originating in other countries to bypass tariff India faces a 10% tariff on textile exports to the US, but due to product classifications and differential rates, some segments experience tariffs as high as 26%. The shift in tariff dynamics is expected to realign competitive advantages, especially if further negotiations tilt in India's is likely to closely track the developments around a potential trade agreement between India and the US, especially after the return of an Indian delegation from Washington last week. Any easing of tariff burdens on Indian textile exports during such a deal could help improve India's price competitiveness and expand its market share in the it should be noted that if tariff levels remain unchanged for Indian goods while others are adjusted downward, especially for Vietnam, India's advantage in the export market may narrow.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
08-07-2025
- Business
- Time of India
Donald Trump slaps 35% tariff on Bangladesh, Indian textile stocks jump 8%; Gokaldas Exports, Vardhman prime gainers
Donald Trump is back with new tariff plans for 14 countries, including Bangladesh with 35 per cent, Japan with 25 per cent, Korea with 25 per cent, and others. Additionally, the president on Tuesday said that they are 'close to making a deal with India' soon. Following the announcements, shares of Indian textile players saw their shares rally over eight per cent in the morning session on Tuesday, July 8, after the US imposed the sweeping tariff on Bangladesh. According to a Money Control report, the imposition of such high tariffs on Bangladesh makes locally manufactured textile exports more competitive in comparison in global markets. While the announcement represents a slight decrease from the 37 per cent rate announced in April, it remains above the baseline rate of 10 per cent. However, there is still an opportunity for negotiation until August 1, which is when the tariffs will come into effect. 🚨 BREAKING: Trump Strikes Again with New Tariffs! 🇺🇸💥In a bold move that could reshape global trade dynamics, former President Donald Trump has announced sweeping new tariffs, hitting key countries across Asia and Africa. Here's the breakdown:🇲🇾 Malaysia – 25%🇰🇿 Kazakhstan… Donald Trump's 35 per cent Tariff on Bangladesh's Impact on Domestic Textiles At 9.25 a.m., the shares of the domestic textiles fluctuated a bit; here's a look: Gokaldas Exports: The shares of the globally reputed Indian apparel manufacturer and exporter noticed a jump of 7.8 per cent to Rs 970. Vardhman Textiles: Another domestic textile group engaged in the business of manufacturing yarn, Fabric, acrylic fibre, and garments, noticed a spike of 7.4 per cent to Rs 525.75. KPR Mill: A Coimbatore-based trader gained 2 per cent on shares at Rs 1,181.30. Welspun Living: An Indian textile manufacturing company headquartered in Mumbai, was up 2 per cent at Rs 145.65 on Tuesday following the US tariff announcements. Among the other textile counters, Alok Industries and Raymond also saw solid buying interest. What does Bangladesh's 35 per cent tariff mean for India? The steep tariff imposed on Bangladesh, though slightly lower than the 37 per cent proposed in April, still marks a sharp rise from the previous 10 per cent base rate and is set to take effect on August 1. The move is widely considered a positive trigger for Indian exporters, especially in the readymade garment (RMG) segment. In the US garment import market: Vietnam holds a 19 per cent share. Bangladesh has a 9 per cent share. India follows with 6 per cent This means, with Donald Trump's move, the US buyers are likely to diversify away from higher-cost countries, and Indian exporters could see an uptick in orders, helped by their cost-efficiency and production scale. Donald Trump's trade deal with India and other countries According to Zee Business, the tariff hike comes as a part of a broader trade realignment by former US President Donald Trump, who announced a spike in tariffs on 14 countries. While on the other hand, Bangladesh faces a 35 per cent spike in tariffs. Following: Laos- 40 per cent tariffs Myanmar- 40 per cent tariffs Thailand- 36 per cent tariffs Cambodia - 36 per cent tariffs Bangladesh - 35 per cent tariffs Serbia - 35 per cent tariffs Indonesia - 32 per cent tariffs South Africa- 30 per cent tariffs Bosnia and Herzegovina- 30 per cent tariffs Malaysia- 25 per cent tariffs Tunisia- 25 per cent tariffs Japan- 25 per cent tariffs South Korea- 25 per cent tariffs Kazakhstan- 25 per cent tariffs However, India was not mentioned in the list, but Donald Trump, in a post on Truth Social, said, 'We are close to making a deal with India... Some [countries] will maybe adjust a little bit depending on if they have a cause. We're not going to be unfair about it.' The statement sparked optimism that Indian textile exports will avoid fresh tariffs, further improving their relative advantage in the US market."
