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Gokak Textile trades jubilantly on arm acquiring 26% stake in Suryoday One Energy

08 Sep 2017 Evaluate

Gokak Textiles is currently trading at Rs. 45.95, up by 4.95 points or 12.07% from its previous closing of Rs. 41.00 on the BSE.

The scrip opened at Rs. 42.70 and has touched a high and low of Rs. 45.95 and Rs. 42.70 respectively. So far 727 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. 46.50 and Rs. 40.10 respectively. The current market cap of the company is Rs. 27.75 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’ subsidiary company- Gokak Power & Energy has acquired 26% of the paid up equity share capital of Suryoday One Energy from Shapoorji Pallonji Infrastructure Capital Company, i.e 2600 equity share of Rs 10 each at an aggregate cash consideration of Rs 26,000 on September 7, 2017.

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

68.40 3.25 (4.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
View more..

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