Gokaldas Exports Plunges 50% from Peak, Biggest Fall in Six Years Amid US Trade Fears
Market
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CNBC TV18•08-01-2026, 13:10
Gokaldas Exports Plunges 50% from Peak, Biggest Fall in Six Years Amid US Trade Fears
- •Gokaldas Exports shares fell over 12% on January 8, marking its largest single-day drop since April 2020.
- •The stock is down nearly 50% from its 52-week high and 53% from its record high of ₹1,262 in December 2024.
- •Other export-oriented stocks like Avanti Feeds, Pearl Global, and Apex Frozen Foods also saw declines of 3-7%.
- •Uncertainty over a US trade deal and potential 50% US tariffs on Indian exports are key concerns for companies.
- •Market pressure is also linked to Senator Lindsey Graham's mention of a Russia Sanctions bill allowing 500% tariffs.
Why It Matters: Gokaldas Exports and other Indian exporters face significant stock declines due to US trade uncertainties.
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