Curated By: Business Desk
Last Updated: October 13, 2023, 18:40 IST
Over the past six months, Gokaldas Exports has provided investors with a whopping 146 percent return.
Catamaran Ventures has invested over Rs 57 crore in Gokaldas Exports to acquire 1.12 percent stake in the garments company.
Shares of Gokaldas Exports Ltd hit a fresh 52-week high on Friday after Infosys co-founder NR Narayana Murthy-led Catamaran Ventures LLP.
The venture capital firm acquired a 1.12 percent stake in Gokaldas Exports Ltd on October 12. Catamaran Ventures bought 6.7 lakh equity shares in Gokaldas Exports, valued at over Rs 57 crore based on the closing price as of October 12.
Continuing its gaining streak for the fourth straight day Gokaldas Exports stock hit a fresh 52-week high of Rs 884 on NSE on Friday before closing 2.12 percent higher at Rs 867.65. The stock had closed 2.19 percent higher at Rs 849.60 apiece on NSE on Thursday.
Notably, the stock has gained over 146 per cent in the last six months and 137 percent so far this year. In the last one year period, the apparel stock has given 128 percent return. Additionally, in the last five years, the stock has delivered a remarkable 1133 percent return. The market capitalisation of the company stands at Rs 5,262 crore.
Gokaldas Exports is one of India’s largest manufacturers and exporters of apparel, with an annual turnover of more than Rs 166 crore. The company has a retail subsidiary called ‘The Warehouse’ that sells clothing through offline channels in the Indian retail market. Gokaldas Exports serves international brands like Gap, H&M, Adidas, Puma, and Zara.
Investments by Catamaran Ventures
Catamaran Ventures promotes innovative enterprises in India, overseeing a portfolio of more than $1 billion or Rs 8,328 crore in different asset classes. The venture capital firm invests in bold ideas put forth by passionate entrepreneurs and collaborates with them across various stages to establish successful businesses. The firm has invested in numerous sectors, including financial services, e-commerce, technology, healthcare, and education. The firm has invested across renowned companies, such as SpaceX, Reddit, Udyan, Loco and Paper Boat, among others.
