Shares of textile companies Gokaldas Exports, KPR Mill, Vardhman Textiles, Welspun Corp and others rallied up to 8% on Monday after the government announced a five-month exemption from customs duties on cotton imports, effective June 1, aimed at increasing the availability of raw material for the domestic textile industry.
Gokaldas Exports rallied 6% to its day's high of Rs 735, while KPR Mill gained 4% to Rs 1,007 on the BSE. Vardhman Textiles soared 8% to Rs 621, while Trident shares rose 5% to Rs 25.39. Welspun Corp and Arvind Fashions traded largely flat.
