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Gokaldas Exports, KPR Mill, other textile stocks drop up to 6%. What is triggering the fall?
Indian textile shares dropped significantly on Tuesday. This followed Bangladesh signing a trade deal with the U.S. The agreement grants Bangladesh reduced tariffs and exemptions on certain textile and garment exports. This development is expected to increase competition for Indian manufacturers. Several Indian textile companies saw their stock prices fall.
Sources: Economic Times - Markets, Hindu, NDTV +13 more
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