Raymond to Dr Reddy's: Textiles, pharma stocks bear tariffs brunt

Following US President Trump's tariff announcement, Indian pharmaceutical and textile companies experienced significant stock declines. Gokaldas Exports saw the steepest fall at 15.9%, with other textile players like Vardhman Textiles and Welspun Living also facing value erosion. While pharma is currently exempted, threats of future duties have negatively impacted stocks of Aurobindo Pharma, Lupin, Sun Pharma and Dr.