{"id":108478,"date":"2023-08-30T17:13:00","date_gmt":"2023-08-30T11:43:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108478"},"modified":"2023-08-30T17:00:34","modified_gmt":"2023-08-30T11:30:34","slug":"shares-of-gokaldas-exports-surge-by-9-and-reach-a-52-week-high-on-bourses","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/shares-of-gokaldas-exports-surge-by-9-and-reach-a-52-week-high-on-bourses\/","title":{"rendered":"Shares of Gokaldas Exports surge by 9% and reach a 52-week high on bourses"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-358734211\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>A day after Gokaldas Exports announced that it had reached an agreement through its wholly-owned companies to buy UAE-based Atraco Group, the company&#8217;s shares soared 9% in early trade on Wednesday and reached their 52-week high.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1340778703\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The shares of the company rallied 8.83 per cent to Rs 800.25 apiece on the NSE.<\/p><p>The stock witnessed a similar movement on the BSE, where it bounced 8.71 per cent to Rs 800.40 per share.<\/p><p>Also, the scrip touched its 52-week high of Rs 817.70 and 817.20 on NSE and BSE, respectively.<\/p><div class=\"trade-content_5\" id=\"trade-3614198232\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Meanwhile, the 30-share BSE Sensex was trading 351.54 points or 0.54 per cent higher at 65,427.36 points in the morning session.<\/p><p>On Tuesday, Readymade garment manufacturer and exporter Gokaldas Exports Ltd (GEL) said it has entered into an agreement through its wholly-owned subsidiaries to acquire Atraco Group for USD 55 million.<\/p><p>The equity value of the transaction is USD 55 million (around Rs 455 crore) and the same will be funded by a mix of debt and internal accruals, the company said.<\/p><p>The transaction will consist of the acquisition of shares and assets and will be subject to customary regulatory approvals. It is expected to be completed by the third quarter of FY24 (October-December 2023), it added.<\/p><p>Currently, GEL exports to more than 50 countries and its customers include prominent international brands in North America, South America, Europe, Africa, Oceania and Asian countries. The company has over 20 manufacturing facilities, complemented by five integrated ancillary units.<\/p><p>As per the latest shareholding information, Promoters hold 11.06%, DIIs hold 32.13%. FIIs hold 16.20% and Public hold a 40.43% stake in this company.<\/p><div class=\"trade-content-10\" id=\"trade-330273806\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2247991860\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>A day after Gokaldas Exports announced that it had reached an agreement through its wholly-owned companies to buy UAE-based Atraco Group, the company&#8217;s shares soared 9% in early trade on Wednesday and reached their 52-week high. The shares of the company rallied 8.83 per cent to Rs 800.25 apiece on the NSE. The stock witnessed [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-108478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shares of Gokaldas Exports surge by 9% and reach a 52-week high on bourses - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/shares-of-gokaldas-exports-surge-by-9-and-reach-a-52-week-high-on-bourses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shares of Gokaldas Exports surge by 9% and reach a 52-week high on bourses\" \/>\n<meta property=\"og:description\" content=\"A day after Gokaldas Exports announced that it had reached an agreement through its wholly-owned companies to buy UAE-based Atraco Group, the company&#8217;s shares soared 9% in early trade on Wednesday and reached their 52-week high. 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