In the next leg of growth, Gokaldas will execute capex of Rs 370 crore over FY22-FY25, which includes new greenfield projects and upgrading its existing machinery

ICICI Securities is bullish on Gokaldas Exports recommended buy rating on the stock with a target price of Rs 560 in its research report dated January 11, 2022.

The brokerage estimates EBITDA margin to expand by 100bps on the back of operating leverage benefits and adjusted PAT to register ~18% CAGR over FY22-FY25E.

Gokaldas Exports Ltd. key Products/Revenue Segments include Textile Apparels, Export Incentives, Scrap, Job Work for the year ending 31-Mar-2021.

Sectoral analysis of the winners of 2022 shows that Nifty PSU Bank index and Nifty CPSE index have been the top two gainers of the year with an upside of 65% and 19.5%, respectively, so far. On the other hand, the IT index has been the top wealth eroder and has so far lost over one-fourth of its value.

Gokaldas continues to expand its woven capacity and has entered the knitting space too, making it Indias best garments player.

Motilal Oswal maintained its buy rating on Can Fin Homes with a target price of Rs 630, an upside of 29% from Rs 488 recorded on December 24. Re-rating is still contingent on CANF's ability to identify a successor. Robust franchise and follows a processes orientation approach which has served it well.

​​The firm said it has been ‘gloom and doom for the domestic industry in the past few months because of high cotton prices and low demand for textiles and apparel in Western countries.

Further, farm income is expected to grow higher on the back of a good Rabi crop season. And inflation pressures are showing signs of easing. Moreover, the persistent COVID-led restrictions in China and major slowdown in Europe has forced companies globally to look for alternate sources and this became a major boon for India.

Broadly at a portfolio level, calendar year 2022 was more or less flat, however, at the company level, a couple of our top holdings like JK Paper and LT Foods have almost doubled from the last years valuation.

After showing a range bound movement in the last few sessions, Nifty made an attempt of an upside breakout of the range in the later part of Friday's session and closed the day higher by 64 points. After opening with a flat note, the market shifted in a narrow intraday range for the better part of the session, before showing renewed buying enthusiasm towards the end.

ICICI Direct recommended hold rating on Gokaldas Exports with a target price of Rs 425 in its research report dated October 31, 2022.

Gokaldas Exports Ltd. key Products/Revenue Segments include Textile Apparels, Export Incentives, Scrap, Job Work for the year ending 31-Mar-2021.

Shares of Infosys (Rs 16.5 per share), Bhansali Engineering (Re 1 per share), L&T Technology (Rs 15 per share), ICICI Lombard (Rs 4.5 per share), KSolves India ( Rs 4.5 per share) and Steel City (Re 1 per share) will trade ex-dividend.

The Abu Dhabi Investment Authority bought a 2.47 percent stake in the company on September 30

ICICI Direct recommended hold rating on Gokaldas Exports with a target price of Rs 415 in its research report dated July 26, 2022.

Gokaldas Exports Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 2149.71 Crore) operating in Apparels sector.

The company reported a profit before tax (PBT) of Rs 50.8 crore compared to a loss of Rs.2.6 crore in the same period last year and a PBT Rs 52.4 crore in the Jan-March quarter of the last fiscal year. In the first quarter of this fiscal year, the company considered a share-based compensation charge of Rs 6 crore, excluding which the profit before tax was Rs 56.8 crore.

“As and when the recession or data which is pointing towards recession in the key economy like Europe or US comes out, there will be pressure on the oil prices and that will be very good news for us because that will reduce the FII selling pressure, the inflationary pressure and can lead to double digit returns in the Nifty. We have a target of about 18,700 on the Nifty for the next one year.”

Gokaldas Exports Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 2099.58 Crore) operating in Apparels sector.

While short-term texture of the market is still on the bullish side, on weekly charts the Nifty has formed a Hammer candlestick formation, which is indicating further weakness from the current levels," said Amol Athawale of Kotak Securities.

Power Grid, BPCL, Tech Mahindra, Tata Motors and Apollo Hospital were among the top losers on NSE in today's trade.

The Nifty Bank index closed 0.4 per cent down at 34163.7.

BLS Int. Services, GE Shipping, MRPL, Vadilal Ind and Gokaldas Export, hit their fresh 52-week highs during the day.

The Nifty Auto index closed 0.02 per cent down at 10909.45.

The Nifty IT index closed 0.47 per cent down at 30077.7.

The Nifty Pharma index closed 1.06 per cent up at 12881.55.

The Nifty Realty index closed 1.75 per cent down at 395.15.

The Nifty Bank index was trading 0.58 per cent up at 34501.65.

The Nifty Realty index was trading 0.3 per cent down at 401.0.

The Nifty Pharma index was trading 1.02 per cent up at 12875.95.

BLS Int. Services, MRPL, Gokaldas Export, Kanani Inds and Kohinoor Foods, hit their fresh 52-week highs at 10:24AM.

Power Grid, NTPC, JSW Steel, Coal India Ltd and Apollo Hospital were among the top losers on NSE.

Arihant Capital recommended hold rating on Gokaldas Exports with a target price of Rs 468 in its research report dated May 05, 2022.

ICICI Direct is bullish on Gokaldas Exports has recommended buy rating on the stock with a target price of Rs 570 in its research report dated May 02, 2022.