Arvind, Grasim to Go Fashion: Why are textile stocks under pressure? explained

Buzz line2 months ago05 mins

Textile stocks extended their losing run to the second day on Wednesday, February 11, as they dropped up to 5% following an 11% decline in the previous session. The fresh bout of selling came after the finalization of the US–Bangladesh trade deal on February 10. Pearl Global share price emerged as the worst performer in…

Gokaldas Exports to KPR Mills — Textile stocks rise up to 6% on interim India-US trade deal

Buzz line2 months ago07 mins

Export-focused textile stocks like Gokaldas Exports, Welspun Living, and KPR Mills, which have been in a steady uptrend since the trade deal announcement last week, extended their bull run on Monday, February 9, after the confirmation of an interim India–US trade pact. Textile exports to the US now attract a lowered tariff of 18%, thereby…

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