New Delhi. Gokaldas Exports has attracted everyone’s attention in recent years by giving tremendous returns to investors. The company’s shares have performed brilliantly in the last five years, in which no major decline was seen. This stock has proved to be a multibagger for investors, which has given excellent returns of 1,260% in four years and 2,358% in 11 years. At present the share price has reached ₹850, which reflects the growing popularity and strong performance of the company.
This rise in shares of Gokaldas Exports is the result of India’s increasing demand in the global garment market, its strategy to diversify the supply chain from China and the company’s strategic acquisitions. Due to the Bangladesh crisis, international buyers are turning towards India, due to which the company is likely to get more profits. The PLI scheme and possible Free Trade Agreements (FTAs) by the government are expected to provide a big boost to the textile sector in the future.
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last years performance
Two years: Share price increased by 154% to ₹850.
Four years: Investors gained 1,260%.
11 years: A growth of 2,358% was recorded in this period.
main reason
Strong Operational Performance: Growing demand for Indian apparel in global markets.
Diversification: Diversifying the supply chain from China and expanding into new markets.
Acquisitions: Strengthened global presence with major acquisitions in FY24.
Bangladesh crisis: International buyers likely to turn to India.
Economic recovery and future prospects
The inventory problem in the retail industry is ending, which is expected to increase demand from apparel manufacturers.
FTAs: Possible free trade agreements between India and UK/EU can give a boost to textile trade.
PLI Scheme: Incentive to investment in man-made fiber and technical textiles.
expert opinion
Brokerage firm JM Financial has given a target of ₹1,285 on Gokaldas Exports, indicating a potential upside of 51% from the current price.
India’s textile export potential
According to India Brand Equity Foundation (IBEF), India’s textile exports could reach $100 billion by 2030 from $44.4 billion in FY22. Considering the strong order book of Gokaldas Exports and strength in the market, this stock can provide further benefits to investors in the coming time.
Tags: business news, Multibagger stock, stock market
FIRST PUBLISHED: November 19, 2024, 23:08 IST
