Gokaldas Exports hits third straight 5% upper circuit on strong Q2 results

The company reported 3-fold jump in Q2FY22 consolidated net at Rs 28.61 crore as against a profit of Rs 8.66 crore in a year ago quarter

Shares of Gokaldas Exports were locked at the 5 per cent upper circuit for the third straight trading day after the company reported a robust set of numbers, with consolidated net profit up 3-fold at Rs 28.61 crore in September quarter (Q2FY22).  The textiles company had posted profit of Rs 8.66 crore in a year ago quarter (Q2FY21) and a net loss of Rs 2.55 crore in preceding quarter (Q1FY22).

The stock was up 5 per cent at Rs 237.65 on the BSE in intrad-day trades on Tuesday and was trading at its highest level since May, 2008. It