Gokaldas Exports gains on incorporating wholly owned subsidiary in United States of America
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Gokaldas Exports is currently trading at Rs. 361.20, up by 1.70 points or 0.47% from its previous closing of Rs. 359.50 on the BSE.
The scrip opened at Rs. 369.90 and has touched a high and low of Rs. 369.90 and Rs. 359.00 respectively. So far 5147 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 519.55 on 18-May-2022 and a 52 week low of Rs. 301.10 on 14-Jul-2022.
Last one week high and low of the scrip stood at Rs. 369.90 and Rs. 352.05 respectively. The current market cap of the company is Rs. 2188.08 crore.
The promoters holding in the company stood at 11.07%, while Institutions and Non-Institutions held 48.57% and 40.36% respectively.
Gokaldas Exports has incorporated a wholly owned subsidiary in the United States of America, The incorporation of new wholly owned subsidiary is to facilitate business expansion. Earlier, the company had received approval to incorporate wholly owned subsidiary in Meydan Free Zone (MFZ), Dubai, UAE. The objective of formation of new wholly owned subsidiary is to make investment and business in textile and apparel products.
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.
