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Gokaldas Exports surges on plan to transfer Bangalore building, assets to Robot Systems

18 Feb 2015

Gokaldas Exports is currently trading at Rs. 51.90, up by 0.60 points or 1.17% from its previous closing of Rs. 51.30 on the BSE.

The scrip opened at Rs. 52.35 and has touched a high and low of Rs. 53.65 and Rs. 51.45 respectively. So far 5549 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 97.95 on 24-Jun-2014 and a 52 week low of Rs. 47.85 on 19-Mar-2014.

Last one week high and low of the scrip stood at Rs. 60.45 and Rs. 51.00 respectively. The current market cap of the company is Rs. 179.89 crore.

The promoters holding in the company stood at 57.77% while Institutions and Non-Institutions held 10.95% and 31.28% respectively.

Gokaldas Exports has received an approval for transfer of building and related assets pertaining to its property at Peenya Industrial Area, Bangalore to its wholly owned subsidiary (WOS) Robot Systems. The board of directors at their meeting held on February 14, 2015 have approved for the same.

The board also approved transfer of land, building and related assets pertaining to its property at Nacharam, Hyderabad to such WOS of the company as may be identified by the board.

Gokaldas Exports, incorporated in 1995, is the largest exporter of garments in India. The company manufactures blazers and pants (formal and casuals), shorts, shirts, blouses, denim wear, swim wear, active and sportswear. The company has received ISO 9001:2000 certification for its quality management.


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SEBI Registered: Investment Adviser - INA000013323