Gokaldas Exports extends rally, up 8% in two days post June quarter results

Shares of Gokaldas Exports surged 7 per cent to Rs 384.40 on the BSE in Monday’s intraday trade, gaining 8 per cent in past two trading sessions after the company reported resilient performance in June quarter (Q1FY23), despite a challenging macro-economic business environment. Despite near term headwinds, the management anticipate good growth in FY23 and a surge from FY24.

The stock of garments & apparels manufacturer has recovered 20 per cent from its recent low of Rs 315.90 on July 13, 2022. In the past one month, the stock has gained 5.5 per cent as against 5.6 per cent