Synopsis : SBI Life Insurance has picked up 4 lakh shares of Gokaldas Exports through a bulk deal worth Rs 32.6 crore. The transaction comes as the apparel exporter witnesses strong short-term stock momentum despite reporting a decline in quarterly profits.
Institutional buying activity was witnessed in Gokaldas Exports as SBI Life Insurance Company acquired shares worth Rs 32.6 crore through a bulk market transaction.
According to exchange data, SBI Life purchased 4 lakh shares of the apparel exporter on June 19 at an average price of Rs 814.79 per share.
SBI Life Buys Stake Through Bulk Deal
SBI Life Insurance acquired 4 lakh shares of Gokaldas Exports through a bulk deal, investing approximately Rs 32.6 crore.
The transaction was executed at an average price of Rs 814.79 per share.
SBI Life Insurance is one of India's leading private life insurers and operates as a joint venture between State Bank of India and BNP Paribas Cardif. The company manages assets exceeding Rs 4.87 lakh crore and offers a wide range of insurance and investment products.
Gokaldas Exports Share Price Performance
Gokaldas Exports has witnessed strong momentum in recent trading sessions.
The stock has surged nearly 19% over the last five trading days and gained around 17% during the past month.
Over a six-month period, the stock has delivered a return of approximately 3%.
Despite the recent rally, the stock remains down around 4.5% over the last one year.
Q4FY26 Earnings Impacted by Global Headwinds
For the fourth quarter of FY26, Gokaldas Exports reported a consolidated net profit of Rs 35.96 crore, reflecting a decline of 32% year-on-year.
The company had posted a net profit of Rs 52.86 crore during the corresponding quarter of FY25.
Management attributed the pressure on profitability to disruptions arising from US tariff-related developments and broader geopolitical uncertainties.
Despite the earnings decline, revenue growth remained positive.
Revenue from operations increased 5.3% year-on-year to Rs 1,068.84 crore compared to Rs 1,015.33 crore reported during the same period last year.
About Gokaldas Exports
Founded in 1979 and headquartered in Bengaluru, Gokaldas Exports is among India's largest apparel manufacturers and exporters.
The company provides end-to-end apparel manufacturing solutions and specialises in producing outerwear, activewear, casual wear and fashion garments for global brands.
Its client portfolio includes several internationally recognised names such as Adidas, Puma and Columbia Sportswear in the sportswear segment, along with H&M, Zara and GAP in the fast-fashion category.
The company operates a large manufacturing network and derives a significant portion of its revenue from exports.
Conclusion
The latest bulk purchase by SBI Life Insurance highlights continued institutional interest in Gokaldas Exports despite near-term profitability pressures.
While global trade uncertainties and tariff-related disruptions weighed on fourth-quarter earnings, the company's revenue growth and strong recent stock performance suggest investors remain optimistic about its long-term export-driven growth prospects.
Disclaimer : This article is intended for informational purposes only and should not be considered investment advice. Investments in equity markets are subject to market risks. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.
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