The effect of the new trade deal between India and America is now clearly visible in the market and textile sector company Gokaldas Exports has got the biggest benefit from it. After the tariff cut, exports have become more competitive in the American market, which has opened up new avenues of growth for export-oriented companies. About 70% of Gokaldas Exports’ revenue comes from the US, so investor sentiment has become quite strong regarding this stock. The stock hit the upper circuit of 20% in two consecutive trading sessions and overall registered a tremendous rise of about 43%. Share price has increased to around ₹833. Better margins, expectation of new orders and FII buying have brought this stock into the market spotlight.
Tariff Relief changed the game, Gokaldas Exports won. Money Live | Tariff Relief Changes the Game, Gokaldas Exports Emerges Victorious
