News for Gokaldas Exports Limited (GOKEX.NS)

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

On Monday, Trident shares closed at ₹38.04, up 10.4%, while Himatsingka ended at ₹211 with a gain of over 8%. Meanwhile, Welspun Living and Gokaldas Exports surged 6.5% and 5.7%, closing at ₹1,035 and ₹173.60, respectively.

Happy Forgings Limited secures ₹135-145 crore export order from North American client, boosting revenue and market presence.

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.

Amid political turmoil in Bangladesh potentially driving textile companies to outsource to countries like India, textile stocks surged on Tuesday. Gokaldas Exports, Century Enka, and SP Apparels saw gains of up to 18%. Gokaldas Exports hit a 52-week high of Rs 1,089.40 on the NSE, driven by expectations of increased textile exports from India.

With the crisis in Bangladesh intensifying, the textile sector is likely to be a victim of the turmoil, with international buyers shifting their focus to alternative markets like India.

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.

With the strategic investment in BTPL, Gokaldas Exports intends to stand largely self-reliant in fulfilling its raw material requirements for manufacturing

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.

Infosys FY25 revenue growth expected at 1-3%, ITC Infotech acquires Blazeclan, Gokaldas Exports QIP, Axiscades ratings upgrade, Mahindra Zen launch, RVNL MoU with TUMAS.

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

The Norwegian central bank acquired 1.39% equity in cash management services provider CMS Info Systems Ltd. for Rs 84.40 crore and 0.76% stake in power transmission equipment maker Voltamp Transformers Ltd. for Rs 63.71 crore.

Vanguard Emerging Markets Stock Index Fund and Vanguard Total International Stock Index Fund bought 0.79 percent stake and 0.82 percent stake, respectively in Sunadaram Finance

Smaller stocks outperformed Nifty by a wide margin as the index is up only about 8.5% since last Diwali while Nifty Smallcap50 is up 38%, Nifty Microcap 250 has advanced 51% and Nifty SME Emerge has zoomed 69%.

Kerala's ESAF Small Finance Bank, incorporated in 1992, mainly focusing on providing loans to rural and semi-urban customers, providing financial solutions.

Power Mech share price: The stock surged 4.22 per cent to hit a day high of Rs 3,728 over its previous close of Rs 3,577.05. At today's high price of Rs 3,728, the scrip was down 26.36 per cent from its 52-week high of Rs 5,062.25, hit on July 31 this year.

Mamaearth-parent Honansa Consumer is selling its shares in the price band of Rs 308-324 apiece with a lot size of 46 equity shares and its multiples thereafter.