String theory of Bangladesh crisis! Textile stocks rally up to 20%
As the deep political turmoil in Bangladesh may force textile companies to start outsourcing from other countries like India, textile stocks like Gokaldas Exports, Century Enka, and SP Apparels rallied up to 18% on Tuesday morning. Shares of Gokaldas Exports zoomed 18% to a fresh 52-week high of Rs 1,089.40 on the NSE as investors…
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Bangladesh crisis: 12 listed Indian companies with exposure on troubled zone
Sheikh Hasina’s ouster as Bangladesh Prime Minister following violent protests over job quotas has not just made India’s neighbourhood vulnerable to security risks, the crisis also has ramifications for Indian companies, many of which are listed on stock exchanges. The impact of the political turmoil was seen in shares of Saffola edible oil manufacturer Marico….
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