Gokaldas Exports extends gains on commencement of operation at new unit

The company said it has a strong order book and is in the process of augmenting its capacity over the near term, to meet demand and clear Q1FY22 production backlog

Shares of Gokaldas Exports were up 5 per cent at Rs 208.60 on the BSE in intra-day trade on Monday after the company announced that it has commenced commercial production at its new manufacturing unit in Tumkur, Karnataka. On achievement of full ramp up and productivity, the unit will contribute about 4.5 per cent to its current capacity.

The stock today was trading higher for the third straight day, up 14 per cent during the period. It had hit a record high of Rs 236 on August 9, 2021. At 12:18 pm, Gokaldas Exports was trading 3 per cent