US tariff impact? In the past seven weeks, the market price of Gokaldas Exports has plunged 33 per cent from a level of ₹948.85 on November 20, 2025 on the BSE.
In case of lower US tariffs, shares from IT, gems & jewellery, shrimps and textile-related sectors are likely to benefit, believe analysts.
India and the UK have set themselves a target to double trade by 2030, which will help textile companies to diversify in new markets and grab more opportunities in the coming years.
The textile manufacturer produces about 90 million garments annually, with exports to the US, Canada, the UK and France
Welspun Living, Gokaldas Exports, Pearl Global, Vardhman Textiles, Trident, Kitex Garments, Nahar Spinning and Himatsingka Seide rallied between 5 per cent and 12 per cent.
Textile stocks rallied in Tuesday's intra-day trade after the finance ministry removed the 11 per cent duty on raw cotton imports for a period of 42 days till September 30, 2025.
The recently announced revised reciprocal tariff by the US on India is expected to pose a challenge in the second half of this financial year, the management said.
In the past week, textile stocks have fallen by up to 18 per cent following Trump's announcement of a 25 per cent tariff
In the medium to long term India's tariff rate are competitive with other major exporting countries and hence exports order will normalise once tariff effect gets absorbed in the market.
Titan, Gokaldas Exports, Welspun Living, Goldiam International and Indo Count are likely to decline up to 27% from here, as stocks break below key support levels; show technical charts.
The management said there is a considerable amount of effort required to improve the margins further over the next few years as the company continue to consolidate and grow the business
Here's a technical outlook on 5 stocks across the auto, textiles and alcoholic beverages sector. Check stocks & strategy.
India and the United Kingdom (UK) on Tuesday announced the conclusion of talks for a free trade agreement (FTA) that will boost strategic and economic ties between the countries.
US President Donald Trump's tariff imposition decision gives India's textile industry a competitive edge as its competitors like Vietnam, Bangladesh and China will face higher tariffs
The stock has rallied nearly 40% in one month as the company expects better volume in its two acquired entities in the coming quarters, with a sustained stable performance going forward
Bangladesh crisis news, textile shares: This will provide a sentimental boost for related stocks, though the rally should not be chased on this trigger alone, analysts said
With the strategic investment in BTPL, Gokaldas Exports intends to stand largely self-reliant in fulfilling its raw material requirements for manufacturing
Readymade garment manufacturer and exporter Gokaldas Exports (GEL) on Friday said it has signed a definitive agreement to acquire the apparel business of Matrix Clothing for an enterprise value of Rs 489 crore. Through this deal, GEL will get access to the knit apparel business segments, a mutually exclusive global customer base, greater access to European and the UK markets, geographical diversification and low-cost capacity expansion potential in the future, according to a statement. GEL inked a pact with Matrix Clothing Pvt Ltd (MCPL) to acquire 100 per cent of the equity share capital of Matrix Design & Industries for an enterprise value of Rs 489 crore, out of which Rs 247.5 crore is being paid by way of preferential allotment of shares of Gokaldas Exports through a share swap, the company said in the statement. Matrix Clothing Group is a manufacturer of high-quality knitwear apparel for renowned brands with major geographical exposure to Europe, the UK, and North ...
The management is expecting a positive momentum for in the calendar year 2024 and expects sequential growth to pick up over the next quarters
On Tuesday, the readymade garment manufacturer and exporter entered into an agreement to acquire Atraco Group for $55 million