Gokaldas Exports declines as Blackstone offloads bulk shares

Gokaldas Exports fell 3.79% to Rs 106.75 at 9:47 IST on BSE after Blackstone FP Capital Partners (M) V B Subsidiary sold 25.78 lakh shares of the company at Rs 113.50 per share in a bulk deal on the NSE yesterday, 20 July 2016.

Meanwhile, the S&P BSE Sensex was down 22.34 points or 0.08% at 27,893.55.

On BSE, so far 66,000 shares were traded in the counter as against average daily volume of 2.35 lakh shares in the past one quarter. The stock hit a high of Rs 111.70 and a low of Rs 105.40 so far during the day. The stock had hit a 52-week low of Rs 40.45 on 12 February 2016. The stock had hit a 52-week high of Rs 134.20 on 10 June 2016. The stock had underperformed the market over the past one month till 20 July 2016, advancing 0.5% compared with Sensex's 3.9% rise. The scrip had, however, outperformed the market in past one quarter, gaining 52.51% as against Sensex's 8.02% rise.

The small-cap company has equity capital of Rs 17.44 crore. Face value per share is Rs 5.

Gokaldas Exports' net profit rose 17% to Rs 40.77 crore on 23.2% growth in net sales to Rs 292.52 crore in Q4 March 2016 over Q4 March 2015.

Gokaldas Exports manufactures and exports readymade garments.

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