India's Gokaldas Exports jumps to 16-week high

Gokaldas Exports

06/10/2022 07:22

** Shares of apparel, textile and footwear maker Gokaldas
Exports  GOKL.NS  rise as much as 7.53% to 398.40 rupees, mark
sharpest intraday pct gain since Oct. 3
    ** Stock hits the highest since June 16, and is on track for
a fourth consecutive session of gain
    ** Abu Dhabi Investment Authority on Sept. 30 bought 1.5 mln
shares of co at an average price of 349.75 rupees per share,
according to BSE bulk deal data  urn:newsml:reuters.com:*:nL4N3110UA
    ** More than 678,000 shares change hands by 0557 GMT, 1.6x
30-day avg of 426,573 shares
    ** Two of the 4 analysts covering the stock have a "strong
buy" rating, while 2 have "hold"; median PT is 492.50 rupees -
Refinitiv data
    ** Stock up 14.16% YTD, as of last close
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))