Gokaldas Exports surges on getting nod to raise funds up to Rs 125 crore

29 Dec 2017 Evaluate

Gokaldas Exports is currently trading at Rs. 135.90, up by 4.75 points or 3.62% from its previous closing of Rs. 131.15 on the BSE.

The scrip opened at Rs. 133.60 and has touched a high and low of Rs. 141.65 and Rs. 132.80 respectively. So far 191261 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 142.60 on 22-Dec-2017 and a 52 week low of Rs. 52.00 on 15-Mar-2017.

Last one week high and low of the scrip stood at Rs. 141.65 and Rs. 129.85 respectively. The current market cap of the company is Rs. 477.63 crore.

The Institutions and Non-Institutions held 1.90% and 98.10% stake respectively in the company.

Gokaldas Exports has received an approval for raising of funds through further issue of shares or convertible securities of any nature through one or more modes, including but not limited to one or more further public offerings and/or private offerings and/or Preferential allotment basis, including qualified institutions placement, rights issue, issue of American depository receipts or global depository receipts etc. or any combination thereof, subject to such approvals as may be required, up to an amount not exceeding Rs 125 crore. The board of directors at their meeting held on December 29, 2017, has approved for the same.

Gokaldas Exports 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.

Gokaldas Exports Share Price

806.00 -1.70 (-0.21%)
19-Apr-2024 16:01 View Price Chart
Peers
Company Name CMP
PDS 462.00
Vardhman Textiles 461.85
Arvind 306.00
Welspun Living 145.70
Alok Inds 27.80
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