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Buy Gokaldas Exports, target price Rs 973: ICICI Securities.

Date: 02-11-2023
Subject: Buy Gokaldas Exports, target price Rs 973: ICICI Securities
ICICI Securities has buy call on Gokaldas Exports with a target price of Rs 973. The current market price of Gokaldas Exports Ltd. is Rs 806.

Gokaldas Exports Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 4852.12 Crore) operating in Apparels sector.

For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 509.01 Crore, down -2.53 % from last quarter Total Income of Rs 522.23 Crore and down -11.68 % from last year same quarter Total Income of Rs 576.32 Crore. Company reported net profit after tax of Rs 23.71 Crore in latest quarter.

Promoters held 11.06 per cent stake in the company as of 30-Sep-2023, while FIIs owned 16.96 per cent, DIIs 32.68 per cent.

Source Name : Economic Times

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