India's Gokaldas Exports rise on quarterly profit jump

Gokaldas Exports

28/10/2022 07:03

Oct 28 (Reuters) -    ** Shares of Gokaldas Exports Ltd  GOKL.NS  rise
as much as 9.1% to 395.00 rupees, their highest since Oct 10
    ** The Indian apparel-based holding co on Thursday reported a 60.1% jump to
458 mln rupees ($5.56 mln) for its consolidated net profit in Sept-qtr, while
the revenue from operations rose to 5.7 bln rupees from 4.44 bln rupees
 urn:newsml:reuters.com:*:nFWN31SA78
    ** Profit rose owing to higher sales and improved margins 
    ** Co also appointed Mathew Cyriac as chairman
    ** More than 1.5 mln shares change hands vs 30-day avg of 5,30,183 shares
    ** Three of five analysts covering the stock have a "strong buy" rating, 
while two rate it at "hold"; median PT is 517 rupees - Refinitiv data
    ** Stock up 11.5% this year, as of last close
    ($1 = 82.3150 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))