Market Insights: Gokaldas Exports Ltd. Soars 9.99% | Espresso

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Espresso Shot of the Day - Gokaldas Exports Ltd up by 9.99%

December 28, 2021
 Espresso Shot of the Day - Gokaldas Exports Ltd up by 9.99%

GOKALDAS EXPORTS LTD 341.85 (+9.99%) BSE – INE887G01027 | Dec 28, 2021

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 the next global fashion, Gokaldas Export is ready for it. Their vision is to be a globally reputed apparel manufacturer, evoking distinctive recognition for product, performance, processes and people. Their mission is to achieve profitable growth through innovation, quality, consistency and commitment.

Recent Drivers:

  • On Dec 28, 2021, ICRA, the rating agency, upgraded the company's long-term rating for Line of Credit (LOC) amounting to Rs.425 crores to [ICRA] A (positive) from [ICRA] BBB (stable).
  • On Oct 29, 2021, the company reported a 29.81% rise in sales, amounting to Rs.443.77 crores in the quarter ended September 2021 as against Rs.341.86 crores during the previous quarter ended September 2020.
  • On Oct 29, 2021, the company reported a 229.99% rise in net profit, amounting to Rs.28.61 crores in the quarter ended September 2021 as against Rs.8.67 crore during the previous quarter ended September 2020.
  • On Oct 8, 2021, the company approved the allotment of 1,54,24,164 equity shares of Rs.5 each to eligible qualified institutional buyers at an issue price of Rs.194.50 per share aggregating to Rs.299.99 crore, pursuant to the issue.
(Sources: Business Standard)

Technical Force*

  • S&P BSE SmallCap month till date gain up by 3.53%
  • Traded on All-time high value 341.85
  • 3 months avg. NSE volume: 330,977
  • Quantity traded: 86,524 | Deliverable Quantity: 52,235 (60.37%)
  • Stock price jumped more than 360% from a one-year-low level: 73.05 (Apr 19, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 341.85 | 52-week-low: 73.05

Key Pivot  (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

-

188.50

143.95

116.70

72.15

44.90

0.35

-

    -

Fibonacci Pivot

143.95

116.52

99.58

88.66

72.15

55.64

44.72

27.78

0.35


Today’s Close

341.85

SMA

BSE

10 DAY

296.88

20 DAY

285.26

50 DAY

257.30

200 DAY

178.26


Some Key Ratios (Source: BSE)

Market Cap:  2015.46 Crores

PE:  38.39

OPM%:  12.09

ROE%:  14.90

Promoters holding%: 24.14

Prev. Close: 310.80


*Chart and Technical Force data from the Binge desktop app
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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.