Gokaldas Exports surges 9%; hits all-time high on healthy business outlook

A shift in consumer preferences post pandemic towards wovens, as people seek more formal clothes, may improve demand.

Shares of Gokdaldas Exports hit an all-time high of Rs 505.65, rallying 9 per cent on the BSE in Wednesday’s intra-day trade on the back of a strong business outlook.

The stock of the company, which is engaged in garments & apparels business, surpassed its previous high of Rs 488 touched on May 5, 2022. In the past one month, it has outperformed the market by surging 30 per cent, as compared to a 4 per cent decline in the S&P BSE Sensex.

For January-March quarter (Q4FY22), Gokaldas Exports had reported the best quarterly performance driven by growing