Gokaldas Exports reports five-fold jump in profits : Rashtra News #Gokaldas #Exports #reports #fivefold #jump #profits Bengaluru-based garment exporter Gokaldas Exports on Friday reported a big increase in its consolidated profit after tax (PAT) at Rs 30 crore for the December quarter over Rs 6 crore it recorded during the same period of last financial
The share swap-plus-cash deal pegs the enterprise value of the company at Rs 489 crore. The equity value, net of debt, is pegged at Rs 333.98 crore. Post buyout transaction, Matrix will hold 4.31% equity in the apparel exporter.
Daljeet Singh Kohli, Head of Strategy & Research at Vasuki India Fund, believes that the recent market correction provides an opportunity to buy stocks at cheaper prices. He suggests looking at sectors such as agrochemicals, autos and auto ancillaries, metals, and consumption companies. Kohli also mentions that IT stocks, although facing some delays, are still worth considering for long-term investing. Additionally, he highlights the potential growth in export textiles, particularly home textile companies.