Gokaldas Exports has zoomed 14% to Rs 97 in morning trade.
The stock opened at Rs 90 and surged to a high of Rs 97.10. Around 1,818 shares have been traded on the BSE so far this morning as against a two-week daily average of 1,006 shares.
Reports suggests that the company is eyeing new business contracts with Wal-Mart and niche European fashion houses that are shifting a part of their sourcing requirements from China to other Asian markets. Wal-Mart Stores Inc is expected to land a six million pieces annual order while making it one of the largest clients for the Bangalore-based company.