SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gokak Textiles trades jubilantly on getting nod to raise Rs 35 crore on private placement basis

29 Aug 2017 Evaluate

Gokak Textiles is currently trading at Rs. 42.75, up by 5.10 points or 13.55% from its previous closing of Rs. 37.65 on the BSE.

The scrip opened at Rs. 38.00 and has touched a high and low of Rs. 45.00 and Rs. 38.00 respectively. So far 2214 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.00 on 22-Sep-2016 and a 52 week low of Rs. 32.25 on 28-Jun-2017.

Last one week high and low of the scrip stood at Rs. 45.00 and Rs. 37.65 respectively. The current market cap of the company is Rs. 29.25 crore.

The promoters holding in the company stood at 73.56%, while Institutions and Non-Institutions held 8.65% and 17.80% respectively.

Gokak Textiles has received an approval for issuing Non-cumulative, Non-convertible, Non-Participating, Redeemable Preference Shares of Rs 10 each aggregating to Rs 35 crore in one or more tranches on Private Placement basis to the Shapoorji Pallonji and Company, Promoter and / or any other Promoter Group company. The board of directors at its meeting held on August 29, 2017 has approved for the same.

Gokak Textiles’ principal activity is to manufacture and distribute textile products. The company's product range includes yarn, blended Yarn, Cotton canvas, fabric, terry towel, knitted garments and other related products.

Gokak Textiles Share Price

70.00 1.60 (2.34%)
20-Apr-2026 14:15 View Price Chart
Peers
Company Name CMP
Welspun Living 124.65
Vardhman Textiles 553.50
Arvind 385.25
K.P.R. Mill 926.30
Page Industries 38172.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×