News for Gokaldas Exports Limited (GOKEX.BO)

Key results: ONGC, Interglobe Aviation, PFC, Mankind Pharma, NTPC Green, IndusInd Bank, Astral, NALCO, Ircon, Star Cement, Va Tech Wabag, Protean eGov, TeamLease, Geojit Fin, Stove Kraft, Ramco System

The landmark Free Trade Agreement (FTA) eliminates existing tariffs on textile trade between the two countries. As per an Elara Capital report, textiles and apparel trade is at $1.42 billion, with India exporting nearly the entire quantum.

Indian textile exporters optimistic about FTA with UK, projecting 10-15% export increase, gaining cost advantage over competitors.

Gokaldas Exports led the rally, jumping 18.8% to ₹1,013 on the BSE. KPR Mill rose 10.1% to ₹1,122.05, and Arvind Ltd gained 5.8% to ₹387. The rally was fueled by optimism that zero-duty access to the UK market will boost Indian textile exports and enhance competitiveness against countries like Bangladesh and Vietnam.

Retail investors have reduced their stakes in 63 small and midcap stocks, which saw declines between 61% and 20% in 2025. The sell-off started over the past three quarters, indicating a potential prediction of market downturns or profit booking. Some top names include Paytm, Polycab India, and Voltas.

Gokaldas Exports reports significant growth in total income and profit, expecting further improvement in upcoming quarters.

The company’s four resolutions submitted for shareholder ratification last month were defeated.

Smallcap stocks rallied this week, with some hitting 52-week highs. Easing food inflation and rising US spending expectations boosted sectors like FMCG and IT. Centum Electronics led the gainers with a 36.8% surge, followed by Sunflag Iron and Steel at 27%.

Markets close lower on cautious sentiment, influenced by oil prices, geopolitical tensions, RBI policy, and sector performance.

List includes stocks like Reliance Industries, ONGC, Cholamandalam Investment, Samvardhana Motherson, and more.

Buzzing Stocks Today, Stocks that will see action today: Max Healthcare, HFCL, Welspun, PowerGrid, Waaree Renewable, Ambuja Cements, Hyundai, Samvardhana, GIC, BSE, FSN e-Commerce, 3m India, Suven Pharma, eIH, RPower, Sundaram-Clayton

Aug 08, 2024 / 06:00AM GMTOperator Ladies and gentlemen, good day, and welcome to Gokaldas Exports Limited Q1 FY '25 earnings conference call. (Operator Instruc

Gokaldas Exports Limited reports 16.5% dip in Q1 FY25 profit, despite 79.9% revenue increase and successful equity capital raise.

"On the daily charts, we can observe that Nifty has managed to close above the 40-day average (24138). India Vix has cooled off and there has been a significant improvement in market breadth. All these parameters are suggesting that the Nifty is likely to witness continuation of the pullback. On the upside, 24520 – 24550 is the immediate hurdle while 24000 is the immediate support zone from a short term perspective," said Jatin Gedia of Sharekhan.

Shares of Indian textile and garment companies surged amidst political unrest in Bangladesh, raising hopes of potential benefits for India. Analysts remain cautious about short-term gains, highlighting uncertainties about India's production capacity and brands reaction. Textile stocks have shown strong returns this year, but current market gains could be short-lived.

Tejas Shah of JM Financial & BlinkX indicated that support for the Nifty was expected at 23,500 and the 23,300-350 range. On the upside, the immediate resistance zone was projected to be between 23,600-625 levels, with the next resistance zone anticipated at 23,750-800 levels.

Stocks including PNB Housing, BHEL, Indus Towers, DMart, Info Edge, Brigade Enterprises and KEI Industries and more may remain under spotlight before the opening bell on Thursday, June 20.

Based on the OI percentage, a total of 74 stocks were on the short-covering list which included Vodafone Idea, IndiaMART InterMESH, Biocon, Page Industries, and Sun TV Network.

Stocks to watch: Check out the companies making headlines before the opening bell today, on April 3, 2024.