Gokaldas Exports

Don't buy textile stocks on Bangladesh crisis, wait for dips: Analysts

Bangladesh crisis news, textile shares: This will provide a sentimental boost for related stocks, though the rally should not be chased on this trigger alone, analysts said

Gokaldas Exports surges 5% on strategic tie-up with BRFL Textiles

With the strategic investment in BTPL, Gokaldas Exports intends to stand largely self-reliant in fulfilling its raw material requirements for manufacturing

Gokaldas Exports to acquire Matrix Clothing's apparel biz for Rs 489 cr

Readymade garment manufacturer and exporter Gokaldas Exports (GEL) on Friday said it has signed a definitive agreement to acquire the apparel business of Matrix Clothing for an enterprise value of Rs 489 crore. Through this deal, GEL will get access to the knit apparel business segments, a mutually exclusive global customer base, greater access to European and the UK markets, geographical diversification and low-cost capacity expansion potential in the future, according to a statement. GEL inked a pact with Matrix Clothing Pvt Ltd (MCPL) to acquire 100 per cent of the equity share capital of Matrix Design & Industries for an enterprise value of Rs 489 crore, out of which Rs 247.5 crore is being paid by way of preferential allotment of shares of Gokaldas Exports through a share swap, the company said in the statement. Matrix Clothing Group is a manufacturer of high-quality knitwear apparel for renowned brands with major geographical exposure to Europe, the UK, and North ...

Gokaldas Exports to acquire Matrix Clothing's apparel biz; stock zooms 9%

The management is expecting a positive momentum for in the calendar year 2024 and expects sequential growth to pick up over the next quarters

Gokaldas Exports crashes 10% as investors book out post 42% rally in 2 days

On Tuesday, the readymade garment manufacturer and exporter entered into an agreement to acquire Atraco Group for $55 million

Gokaldas Exports shares settle 18% higher; hit 52-week high for 2nd day

Extending its rally for the second straight session, shares of Gokaldas Exports on Wednesday settled more than 18 per cent higher a day after the company said it has entered into an agreement through its wholly-owned subsidiaries to acquire UAE-based Atraco Group. The stock of the company opened on a bullish note at Rs 780, then gained further ground and rallied 18.68 per cent to close at Rs 873.85 apiece on the BSE. On the NSE, it zoomed 14.78 per cent to end at Rs 844 per share. During the day, it touched a 52-week high of Rs 883.55 and 882.40 per piece on the BSE and NSE, respectively, for the second consecutive day. On the volume front, 8.46 lakh shares were traded on the BSE, while more than 1.21 crore shares were traded on the NSE, during the day. The company commanded a market valuation of Rs 5,300.03 crore on the BSE. The 30-share BSE Sensex and Nifty closed on a flat note at 65,087.25 and 19,347.45 points, respectively. On Tuesday, Readymade garment manufacturer and exp

Gokaldas Exports hits 20% upper circuit on Atraco acquisition

With this acquisition company will gain access to low-cost duty-free locations for manufacturing.

Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6%

Government initiatives like signing of FTAs with multiple countries & stability in export incentive policy to provide robust opportunities for Indian exporters.

Gokaldas Exports soars 6%, nears record high on hopes of biz revival in H2

The management said they are optimistic about revival of the business in H2FY24, and are bullish on the long-term prospects of the company

Gokaldas Exports rises 9% to hit 52-week high on hopes of better outlook

The management highlighted that most US customers could start buying from Q3FY24 for the next season and overall demand should improve from Q4FY24.

Gokaldas Exports dips 4% after 13% equity changes hands via block deal

Till 09:23 AM, roughly 8.15 million equity shares, representing 13.5 per cent of the total equity of Gokaldas Exports, had changed hands on the NSE

Gokaldas Exports hits 4-month high, rallies 15% in one week post Q3 results

Once FTA with the UK happens, India can potentially see USD1bn of exports from this region

Stocks to Watch: ITC, IndusInd Bk, Adani Transmission, Tata Metaliks, RVNL

Stocks to watch today: Tata Metaliks reported a sharp fall of 73 per cent in its December quarter net profit at Rs 9.48 crore, on account of increased expenses

Gokaldas Exports extends rally, up 8% in two days post June quarter results

Despite near term headwinds, the management anticipate good growth in FY23 and a surge from FY24.

Gokaldas Exports slips 7%, stock hits over 6-month low

According to a report, global garment retailers are asking Indian exporters to reduce apparel prices as cotton prices have dropped 16 per cent and the Indian rupee has devalued against the US dollar.

Gokaldas Exports surges 9%; hits all-time high on healthy business outlook

A shift in consumer preferences post pandemic towards wovens, as people seek more formal clothes, may improve demand.

Gokaldas Exports hits record high; zooms 38% in 4 days on strong Q4 results

With the recent fundraise (QIP: Rs 300 crore), the company has strengthened its balance sheet with a repayment of around Rs 300 crore debt, post which Gokaldas Exports has become net debt free.

Gokaldas Exports surges 18% in two days on robust Q4 performance

Increased volume, better product mix, and improved operational efficiency all contributed to a growing operating profit in Q4.

This textile stock hits record high after 15 years on strong Q3 results

Gokaldas Exports hit record high of Rs 410.65, up 10% and surpassed its previous high of Rs 405 hit on March 16, 2006.

Gokaldas Exports inches towards record high; surges 36% in one month

Brokerage ICICI Securities has maintained a BUY rating on Gokaldas Exports with a revised target price of Rs 425.