Gokaldas Exports Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 638.07 Crore) operating in Apparels sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 372.67 Crore, up 37.64 % from last quarter Total Income of Rs 270.76 Crore and up 2.98 % from last year same quarter Total Income of Rs 361.90 Crore. Company reported net profit after tax of Rs 16.04 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to continue with its up move and head towards Rs 160 levels in the coming weeks being the 123.6% external retracement of the recent breather (Rs 153-131). The breakout above the bullish flag pattern is supported by strong volume of more than three times the 200 days average volume of four lakhs share per day signalling larger participation in the direction of trend.
Promoter/FII Holdings
Promoters held 33.2 per cent stake in the company as of June 30, 2020, while FIIs held 10 per cent, DIIs 4.4 per cent and public and others 52.4 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
