New Delhi, May 30 -- Shares of Gokaldas Exports Ltd have surged 13% over the past month, buoyed by a trio of tailwinds energizing India's textile sector.
day pause on reciprocal tariffs by the US and the conclusion of the India-UK Free Trade Agreement, both of which are expected to boost export competitiveness for the textile manufacturer.
The Indian government's recent decision to restrict the entry of ready-made garments from Bangladesh to just two ports-Kolkata and Nhava Sheva-is also likely to bode well for the company as this could improve its pricing power.
For Gokaldas Exports, which derives over 75% of its revenue from the US, these developments come at a crucial time. The easing of trade barriers and favourable policy signals ...
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