BEARISH STOCKS FOR THE DAY, SELL ON RISE:
The Market Crux
Gokaldas Exports Ltd. board meeting to consider raising funds via various options to meet the growing business demand. The share can rise in hopes of higher profitability.
Power Of TA
BIG POSITIVE for COTTON TEXTILE
US Senate passes bill to ban all products from China's Xinjiang.
Textiles (specially cotton)
~Produces 80% of China's cotton.
~35% market share in apparel exports of the global trade.
Textile Industry:Big step forward
Rodtep would lead to 4 pc gains per quarter. They have accrued it for Q4 and Q1 so 3 quarter gains would be 12 pc.
Gokaldas has booked 2 pc Rodtep in Q4. So it would improve liquidity in big way