Gokaldas’s export, KPR mill and other textile stocks grow up to 7% on the hopes of Trump’s tariff U-turn

US President Donald Trump said on the truth that the trades of textile companies have risen by 7% on Wednesday as negotiations for trade deals with India continued.

By 10am, shares of Gokaldas’s exports and welspun living have reached their day’s s. With about 70% of the US sales, butterflies wear 5% upper circuit in 195.63. KPR Mill increased 3% to Rs. 1,029, Raymond’s lifestyle touched Rs 1,338, and Trident 6% to Rs.

Trump said the two countries continue to overcome trade barriers and express their confidence in reaching a successful agreement. Prime Minister Narendra Modi also echoed the same optimism on X (previous Twitter), and said, “I am confident that our trade negotiations will pave the way for the unlimited possibility of India-US partnership.

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Other major triggers that may be beneficial for the main textile are the Indo-UK Free Trade Agreement (FTA). The deal is expected to help textile exporters by removing 10-12% of duty, who had previously damaged them against competitors. The deal now gives equality to India with Cambodia, Pakistan and Bangladesh, which already enjoys duty free entry.

In addition, Rs. The new GST rate on redemption wear priced up to 2,500 has been reduced from 12% to 5%. Man -made fibers, yarns, handlooms, crafts and carpets will also face the same rate of 5%.

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Since the pressure to sell textile stocks, Trump imposed an additional 25% tariff on India, increasing the duties on Indian exports to nearly 50%. These peers are more than 20% intense on Bangladesh and Vietnam, which reduces the edge of the country into the key category like apparel.

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