Gokaldas Exports hits 4-month high, rallies 15% in one week post Q3 results

Once FTA with the UK happens, India can potentially see USD1bn of exports from this region

Shares of Gokaldas Exports hit four-month high of Rs 419.90 as they rallied 8 per cent on the BSE in Thursday's intra-day trade.
In the past one week, the stock of the garments and apparels manufacturer has surged 15 per cent after the company maintained double digit Ebitda (earnings before interest, taxes, depreciation, and amortization) margin for a sixth consecutive quarter in Q3FY23, at 12.2 per cent, through various cost saving initiatives despite weak sales.

Amid slowdown in India's overall textile exports, due to slackening of demand in key export markets, revenue for Gokaldas Exports came in flattish year-on-year