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Gokaldas Exports shines on planning to invest in BRFL Textiles

20 Jun 2024 Evaluate

Gokaldas Exports is currently trading at Rs. 864.20, up by 32.40 points or 3.90% from its previous closing of Rs. 831.80 on the BSE.

The scrip opened at Rs. 859.95 and has touched a high and low of Rs. 871.55 and Rs. 846.15 respectively. So far 7297 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1022.00 on 05-Dec-2023 and a 52 week low of Rs. 474.00 on 26-Jun-2023.

Last one week high and low of the scrip stood at Rs. 871.55 and Rs. 805.00 respectively. The current market cap of the company is Rs. 6140.25 crore.

The promoters holding in the company stood at 10.58%, while Institutions and Non-Institutions held 51.24% and 38.17% respectively.

Gokaldas Exports (GEX) has planned to invest in BRFL Textiles (BTPL) by subscribing through Optionally Convertible Debentures (OCD). In its first tranche, GEX will subscribe for Rs 50 crore, with the remaining OCDs worth up to Rs 300 crore to be subscribed subsequently in multiple tranches, depending on the funding requirements. These funds shall be utilized mainly to meet the working capital needs, with a smaller portion towards the capex requirements.

With the strategic investment in BTPL, the company intends to stand largely self-reliant in fulfilling its raw material requirements for manufacturing. BTPL comes with excellent infrastructure in terms of machinery and configurations, world-class machinery, and specialisation in linen manufacturing. It is well known in the fabric processing segment and has specialized prints and yarn-dyed fabrics that are synergistic with its internal needs. The infrastructure supports the production of knits, wovens, and all fibre types. 

Gokaldas Exports is engaged in the designing, manufacturing and exporting of a wide range of apparel products ranging from outerwear, activewear and fashion wear for all seasons.


Gokaldas Exports Share Price

726.10 -0.85 (-0.12%)
20-Apr-2026 11:21 View Price Chart
Peers
Company Name CMP
Welspun Living 125.65
Vardhman Textiles 550.30
Arvind 386.95
K.P.R. Mill 927.75
Page Industries 37920.00
View more..

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