Espresso Shot of the Day - Gokaldas Exports Ltd up by 7.96 percent

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Espresso Shot of the Day - Gokaldas Exports Ltd up by 7.96 percent

May 05, 2022
Espresso Shot of the Day - Gokaldas Exports Ltd up by 7.96 percent

GOKALDAS EXPORTS LTD 466.50  (+7.96%) BSE – INE887G01027 | 05TH MAY 2022

Established in 1979, Gokaldas Exports has evolved to become a one-stop solution for some of the world’s most recognized apparel brands. With an annual turnover of over USD 200 Million, GE is India’s largest manufacturer and exporter of apparel. Today, more than 25,000 people across 20-production units work together to ensure that whatever be the next global fashion, Gokaldas Export will be ready for it. Its vision is to be a globally reputed apparel manufacturer, evoking distinctive recognition for product, performance, processes and people. Its mission is to achieve profitable growth through innovation, quality, consistency and commitment.


Recent Drivers

  • The company plans to invest around Rs.130 crore on new initiatives in the next two years and will deploy around Rs.110 crore on existing and ongoing projects.
  • On May 02, 2022, the company sorted Net Sales at Rs.584.97 crores in March 2022, up 58.13% from Rs.369.92 crores in March 2021.
  • On May 02, 2022, the company reported a Quarterly Net Profit at Rs.60.91 crores in March 2022, up 279.75% from Rs.16.04 crores in March 2021.
  • On Feb 19, 2022, SBI Mutual Fund, under its various schemes purchased 1, 06,500 shares of GOKALDAS EXPORTS LTD.
 (Sources: Moneycontrol, BSE)


Technical Force*

  • S&P BSE SmallCap month till date gain up by -3.28%
  • Traded on new 52-week high value of 488.00
  • 3 months avg. NSE volume: 593,172
  • Quantity traded: 197,304 | Deliverable Quantity: 75,614 (38.32%)
  • Stock price has jumped by more than 430% from a one-year low level: 90.00 (May 05, 2021)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 488.00 | 52-week-low: 90.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

708.90

531.50

427.85

250.45

146.80

-

-

    -

Fibonacci Pivot

531.50

424.14

357.81

315.09

250.45

185.81

143.09

76.76

    -



Today’s Close

466.50

SMA

BSE

10 DAY

395.23

20 DAY

386.84

50 DAY

379.19

200 DAY

291.10


Some Key Ratios (Source: BSE)

Market Cap: 2,803.76 Crores

PE: 38.39

OPM%: 12.01

ROE%: 22.41

Promoters holding%: 24.09

Prev. Close: 432.10



*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.