Gokaldas Exports up 4% on buying apparel business of Matrix Clothing
Fri, Feb 2, 2024 12:49 PM

Gokaldas Exports up 4% on buying apparel business of Matrix Clothing

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The share price of Gokaldas Exports rose by 4% after the company announced its agreement to acquire the apparel business of Matrix Clothing for an enterprise value of Rs 489 crore. This acquisition will increase the company's foothold in major international markets and is reflected in their quarterly financials, with a 6% increase in revenue and 25% decrease in profit after tax.

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