Gokaldas Exports shares jumped 6% in early trade on Tuesday after the US government under Donald Trump announced a fresh round of tariffs on apparel imports from Bangladesh.
The US has imposed a 35% duty on garments from Bangladesh, slightly lower than the 37% announced in April but still significantly above the baseline rate of 10%. The new tariff will come into effect on August 1, though trade representatives have time to negotiate terms until then.
Gokaldas Exports shares traded higher in the morning session, opening at ₹960 and, at the time of writing, hitting an intraday high of ₹975. The stock saw a low of ₹940.15 during the day. It remains well below its 52-week high of ₹1,262.15 but comfortably above the 52-week low of ₹735.00.
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