Stock of India's largest garment manufacturer and exporter, Gokaldas Exports, is expected to gain immensely due to the announcement of its aggressive expansion plans.
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| The company is setting up new units in Chennai, Hyderabad and Mysore, expanding its product range to include trousers, suits and nightwear and adding new client base. |
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| The company will also invest Rs 100 crore in a unit in the 400-acre special economic zone (SEZ) near Bangalore set up by its group firm, Gokaldas Exports Apparel and Textile Park. Stock of the week | GUJARAT ALKALIES AND CHEMICALS | | Last week's close (Rs) | 171.53 | | Prev. week's close (Rs) | 16-May | | Week's high (Rs) | 189.63 | | Week's low (Rs) | 138.00 | | Number of up/down move | 3/2 |
After underperforming the market for a long time and reporting a declining profitability in Q1FY07, stock of PSU major Gujarat Alkalies & Chemicals Ltd (GACL) closed the week with a spike of 25 per cent. The announcement by the Gujarat Government to sell 36.7 per cent stake led to the company
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