Gokaldas Exports Ltd Share Price (GOKEX)

Gokaldas Exports Reports Strong YoY Growth in Revenue and Net Profits - 17 Sep, 2023

India's largest apparel manufacturer and exporter, Gokaldas Exports Ltd, saw a 24% YoY growth in revenue from Rs. 1,790 crore to Rs. 2,222 crore in FY23. Net profits also grew by 48% YoY from Rs. 117 crore to Rs. 173 crore. Goldman Sachs holds a 4.7% stake in the company.

StoxBox Recommends Buying Gokaldas Exports - 15 Sep, 2023

Avdhut Bagkar, Derivative & Technical Analyst at StoxBox, recommends buying Gokaldas Exports Ltd with a target price of Rs 855 and a stop loss of Rs 750.

Gokaldas Exports Among Top Performers in Smallcap Fund - 13 Sep, 2023

Gokaldas Exports is one of the top-performing stocks in a small-cap fund that has given 40% returns in FY24. The stock, along with two others, has given 110-119% returns in the last six months.

Gokaldas Exports Acquires Atraco Group for $55 Million - 04 Sep, 2023

Gokaldas Exports' acquisition of Dubai's Atraco Group for $55 million will give it access to low-cost, duty-free manufacturing locations and increased production capacity that will allow it to expand its global footprint. The stock surged 20% on August 29 after the announcement.

Gokaldas Exports to Acquire UAE-based ATRACO - 03 Sep, 2023

Gokaldas Exports has signed a definitive agreement to acquire 100% equity of UAE-based apparel maker, ATRACO for up to USD 55mn. The deal provides GEXP an opportunity to leverage ATRACO's existing relationships for cross-selling opportunities. Analysts maintain BUY rating with revised target price of INR 855/sh.

Gokaldas Exports Shares Fall 2.28% on BSE - 02 Sep, 2023

Shares of Gokaldas Exports fell by 2.28% to Rs770.75 on BSE, with market capitalization dropping from Rs5,300.03 crore to Rs4,674 crore after the company's recent acquisition announcement.

Gokaldas Exports Shares Volatile After Acquisition Announcement - 31 Aug, 2023

Gokaldas Exports Ltd's shares surge more than 18% after announcing its acquisition of UAE-based Atraco Group, but later witness profit-booking and volatility.

Gokaldas Exports Acquires Atraco Group for $55 Million - 30 Aug, 2023

Gokaldas Exports Ltd's shares surged by up to 12% following the announcement of its acquisition of Dubai-based apparel manufacturer Atraco Group for $55 million. The deal is expected to widen Gokaldas Exports' customer base and increase production capacity.

Gokaldas Exports Acquires Atraco Group - 29 Aug, 2023

Gokaldas Exports Ltd's wholly-owned subsidiaries have entered into an agreement to acquire Atraco Group, a leading apparel manufacturer with market presence and customer relationships across the US and Europe, for $55 million. The transaction is expected to be completed by Q3 FY24.

Textile Stocks Rally, Gokaldas Exports Up 4% - 26 Aug, 2023

Gokaldas Exports Ltd and other textile-related stocks have rallied between 4% to 12% in the past week.

Gokaldas Exports Hits 52-Week High Amid Positive Business Outlook - 21 Aug, 2023

Shares of textile companies rallied up to 6% on the BSE due to a positive business outlook. Gokaldas Exports achieved a new 52-week high of Rs 593.35.

Gokaldas Exports Ltd Potentially Trading Close to Fair Value - 19 Aug, 2023

The fair value estimate of Gokaldas Exports Limited using the DCF model is ₹520, and the current share price of ₹561 suggests that the company is potentially trading close to its fair value.

Gokaldas Exports Rallies 11% on Optimistic Business Revival Outlook - 18 Aug, 2023

Shares of Gokaldas Exports rose by 6% to Rs 557.80 in intra-day trade after the management expressed optimism about business revival in H2-FY24 and long-term prospects due to favourable currency, PLI, FTAs, and supplier consolidation. Sharekhan maintains 'Buy' recommendation with a price target of Rs 635.

Gokaldas Exports Posts Muted Quarter, Expects Recovery in H2FY2024 - 12 Aug, 2023

Gokaldas Exports Ltd posted a 15.7% YoY decline in revenue to Rs. 514.6 crore and a 16.6% YoY dip in PAT to Rs. 33 crore. Management expects recovery from H2FY2024 as initial talks with customers for the spring-summer season show good signs of revival.

Gokaldas Exports Hopes for Market Demand Rebound - 09 Aug, 2023

Sivaramkrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports, expresses optimism about the company's future prospects as they hope for a market demand rebound in the second half of this financial year.

Gokaldas Exports Reports Dull Earnings, Anticipates Sluggish Demand - 08 Aug, 2023

Gokaldas Exports Ltd's Q1 FY23 net profit drops 17% YoY to Rs. 32.55 crore. The company anticipates sluggish demand in H1 FY24 due to weak retail demand and excess inventory.

Gokaldas Exports Ltd expects export demand recovery in 2HFY24 - 22 Jun, 2023

Indian home textile and apparel exporters expect demand to remain muted in H1FY24 due to excess inventory liquidation. However, Gokaldas Exports Ltd anticipates orders pick up from 2HFY24 as global retailers' inventory position improves.

ICICI Securities maintains 'Buy' call on Gokaldas Exports with 16% upside potential - 19 Jun, 2023

ICICI Securities has maintained a 'Buy' call on Gokaldas Exports with a target price of Rs 560, suggesting a 16% upside potential from Friday's closing price of Rs 482.80. The brokerage believes that the lower input costs are likely to benefit the company and it may result in larger purchase orders. Gokaldas Exports is also expected to be one of the beneficiaries of the government push on the textile sector and the PLI scheme announced for the same.