Gokaldas Exports zooms 14% in early trade

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SI Reporter Mumbai
Last Updated : Jan 20 2013 | 2:39 AM IST

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.

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First Published: Oct 28 2011 | 12:25 PM IST

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