Shares of textile companies such as Gokaldas Exports, KPR Mill, Pearl Global and other textile stocks decline up to 6% on Tuesday after neighbouring Bangladesh signed a trade agreement with the U.S., securing a reduced 19% tariff and exemptions on select textiles and garments made using materials sourced from the country. In the morning, Gokaldas…
Stocks of textile companies such as Gokaldas Exports Ltd, KPR Mill Ltd, Vardhman Textiles Ltd, and Arvind Ltd surged by up to 7% on 8th July. This rise followed after the US, under the Trump administration, announced a sudden 35% tariff on imports from Bangladesh. Although the new US tariff on Bangladesh is slightly lower…
KPR Mill is currently at its 52-week high, displaying a bullish candle on the daily chart after a breakout from a rising parallel channel pattern, backed by strong volumes and technical signals. The stock is trading above all major EMAs, indicating strong support levels. However, the RSI (14) is in the overbought zone, hinting at…