SEARCH

Gokaldas survives bear onslaught

print   ·  

Rajesh Abraham

Shares of Gokaldas Exports, a leading garment exporter, rose by Rs 18.30 (over 3.02 per cent) to Rs 624 on Wednesday even as prices of most other stocks fell.

Dealers said that the company was expected to do well following an estimated 20 per cent shortfall in Chinese textile quotas to the US and the European Union. The Bangalore-based company, which has been accorded `preferred vendor' status by leading brands such as Nike, GAP, Old Navy, Tom Tailor, and Lebek International, is expected to reap rich harvests from the abolition of the quota regime, said a leading domestic broking outfit, which has come out with a `buy' recommendation on the stock.

On the NSE, however, the company failed to buck the trend; the stock fell by Rs 10.70 (1.75 per cent) to Rs 600.

(This article was published in the Business Line print edition dated June 1, 2006)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.

O
P
E
N

close

Recent Article in MARKETS


Comments to: web.businessline@thehindu.co.in. Copyright © 2014, The Hindu Business Line.