Gokaldas Exports hits 20% upper circuit on Atraco acquisition
Gokaldas Exports hits 20% upper circuit on Atraco acquisition
With this acquisition company will gain access to low-cost duty-free locations for manufacturing.
Shares of Gokaldas Exports hit a new high of Rs 735, as they surged 20 per cent on the NSE in Tuesday’s intra-day trade after the company through its wholly-owned subsidiaries has entered into an agreement to acquire Atraco Group (Atraco), a leading manufacturer of apparel with a strong market position and customer relationships across the US and Europe.
At 09:55 AM; the stock was quoted 19 per cent higher with trades of around 29.70 lakh shares on the NSE. Meanwhile, the benchmark Nifty 50 was up 0.2 per cent at 19,350.
With this acquisition company will gain access to low-cost duty-free locations for manufacturing.
Shares of Gokaldas Exports hit a new high of Rs 735, as they surged 20 per cent on the NSE in Tuesday’s intra-day trade after the company through its wholly-owned subsidiaries has entered into an agreement to acquire Atraco Group (Atraco), a leading manufacturer of apparel with a strong market position and customer relationships across the US and Europe.
At 09:55 AM; the stock was quoted 19 per cent higher with trades of around 29.70 lakh shares on the NSE. Meanwhile, the benchmark Nifty 50 was up 0.2 per cent at 19,350.
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