Gokaldas Exports inches towards record high; surges 36% in one month

Brokerage ICICI Securities has maintained a BUY rating on Gokaldas Exports with a revised target price of Rs 425.

Shares of Gokaldas Exports were locked at the 10 per cent upper circuit at Rs 362.75, after hitting an over 15-year high and inching towards a new record high on strong outlook.

The stock of the textiles company was trading at its highest level since May, 2006. It had hit an all-time high of Rs 405 in March 16, 2006. At 01:58 pm; a combined 765,000 equity shares had changed hands and there were pending buy orders for around 21,000 shares on the NSE and BSE.

In the past one month, the market price of Gokaldas Exports has