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Gokaldas Exports slips on profit booking

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Capital Market
Last Updated : Dec 02 2014 | 12:13 PM IST

Gokaldas Exports lost 0.92% to Rs 75.80 at 10:32 IST on BSE, with the stock sliding on profit taking after recent rally after ICICI Bank bought 15.55 lakh shares of the company at Rs 67.65 per share in a bulk deal on BSE on Monday, 1 December 2014.

Meanwhile, the S&P BSE Sensex was down 81.14 points or 0.28% at 28,478.48.

On BSE, so far 1.15 lakh shares were traded in the counter as against average daily volume of 47,765 shares in the past one quarter.

The stock was volatile. The stock lost as much as 3.33% at the day's low of Rs 73.95 so far during the day. The stock rose as much as 4.31% at the day's high of Rs 79.80 so far during the day. The stock had hit a 52-week high of Rs 97.95 on 24 June 2014. The stock had hit a 52-week low of Rs 47.85 on 19 March 2014.

The stock had outperformed the market over the past one month till 1 December 2014, surging 17.78% compared with Sensex's 2.49% rise. The scrip had also outperformed the market in past one quarter, jumping 9.29% as against Sensex's 6.3% rise.

The small-cap company has equity capital of Rs 17.30 crore. Face value per share is Rs 5.

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Shares of Gokaldas Exports had rallied 23.48% in four trading sessions to settle at Rs 76.50 on Monday, 1 December 2014, from a recent low of Rs 61.95 on 25 November 2014.

Gokaldas Exports' net profit jumped 83.3% to Rs 3.30 crore on 14.1% growth in net sales to Rs 302.92 crore in Q2 September 2014 over Q2 September 2013.

Gokaldas Exports manufactures and exports readymade garments.

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First Published: Dec 02 2014 | 10:29 AM IST

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