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Entry Price

80.00

Target

100.00

Recommend Date

26-10-2020

Return

25.0 %
BUY

Date : 26-10-2020

Gokaldas Exports delivered a strong performance with healthy profitability growth in Q2FY21 and strengthened b/s through debt reduction. Post a 32% fall in revenue in Q1FY21, it has seen a swift recovery in Q2FY21, posting de-growth of 5.9% YoY to | 340.5 crore (up 46% QoQ). The base quarter (Q2FY20) included MEIS income worth | 8.7 crore that was reversed in December 31, 2019. Adjusting for the same, the decline in revenue would have been 3.6%.