Scripscan:Gokaldas Exports Ltd
Code:532630
cmp:85
Story:Gokaldas Exports Limited engages in the design, manufacture, and sale of a range of garments for men, women, and children in India.The company principally produces outerwear, including sports wear and winter wear; and bottom wear comprising casual pants, chinos, linen trousers, and denim jeans. It also manufactures blazers and pants (formal and casuals), shorts, shirts, blouses, swim wear, active and sports wear, jackets, cargo pants, men’s blazer jacket, T-shirts, knit wear, and men and ladies formal suits. The company also exports its products primarily to the United States, Canada, and Europe.The company has been making losses consistently for the past many quarters. In FY11, the company made a loss in all the four quarters and in first quarter of FY12 too it made a net loss of 26.53 crore. Though sales have always shown a growth, albeit modest, losses only seem to be mounting. Rigid pricing on exports to the company’s key markets of US and Europe amidst the sharp rise in input costs of raw material and labour is the paramount reason.The stock was in the limelight last week as there was a bulk deal on the BSE, with almost 4.1% of the company’s equity or 1.4 million shares changing hands. Promoter holding is high at 88.27% of which 68.27% is held by Blackstone and rest by the Hinduja family.The company’s major market is the US and Europe and given the current crisis in both the places, it would be a while before the company can even think of turning around.At best its a hold at present levels.
Search This Blog(Over 800 companies covered in the blog).
Archives : Old artciles
Subscribe to:
Post Comments (Atom)
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
No comments:
Post a Comment