Gokaldas Exports Share Price Locked in Upper Circuit, Skyrockets 20% After India-US Trade Deal Boost

Gokaldas Exports share price underwent a sharp surge on February 3rd locking in the upper circuit of 19.99% amid heavy buying interest. The stock jumped to Rs. 694.05, as investors rushed to gain exposure to export-oriented textile stocks after the landmark India -US trade deal.

India -US trade deal

India and the US finalized a major trade deal on February 2nd, announced by President Donald Trump after a call with PM Narendra Modi. US reciprocal tariffs on Indian goods drop immediately from 25% (effectively 50% with prior penalties) to 18%, boosting Indian exports like textiles, pharma, and engineering. India pledges to halt Russian oil imports, shifting to US energy, tech, agriculture, and coal worth $500 billion+ under a "Buy American" commitment, aiming for $500B bilateral trade by 2030.

Gokaldas Exports Share Price Today

Gokaldas Exports shares today opened sharply higher, nearly 115 points above the previous close of Rs. 578.40, and continued to hit the upper circuit during the session.

Why Gokaldas Exports Are Rising?

The primary trigger behind the sharp rally is the recently announced India-US trade agreement, under which US tariffs on Indian goods have been slashed to 18 percent from 50 percent. This will significantly improve the competitiveness of Indian apparel exporters in the US, one of their largest export destinations.

For companies like Gokaldas Exports, which derive a substantial portion of revenues from overseas markets, particularly the US, the tariff cut is seen as a structural positive rather than a short-term sentiment boost.

"India-US trade deal has meaningfully improved the outlook for India's textile and apparel exporters by lowering tariff barriers and restoring price competitiveness in the US market. He added that after nearly two years of inventory destocking, weak demand, and margin pressure, this policy shift provides much-needed relief to the sector." said Harshal Dasani, Business Head, INVasset PMS.

"Export-focused apparel manufacturers are likely to witness faster order normalisation, as US buyers increasingly diversify sourcing away from higher-tariff regions. In this context, Gokaldas Exports stands out as a direct play on US apparel demand, while Pearl Global Industries offers additional leverage to improving garment export trends." He further added.

Recent Volatility After Q3 FY26 Results

The sharp upside move on February 3 comes just a day after Gokaldas Exports shares fell nearly 5 percent to Rs. 578.40 on February 2, after the announcement of its Q3 FY26 results.

In its Q3 FY26 earnings the company's Revenue declined 1% year-on-year to Rs. 979 crore, compared with Rs. 988 crore in Q3 FY25. On a quarter-on-quarter basis, revenue slipped 1% from Rs. 984 crore in Q2 FY26. Net profit dropped sharply 70% YoY to Rs. 15 crore from Rs. 50 crore in Q3 FY25. However, net profit rose 88% QoQ, improving from Rs. 8 crore in Q2 FY26 to Rs. 15 crore in Q3 FY26