GOKEX

** Shares of India's textile makers rise after Britain and India sign major trade agreement

** India's trade ministry said 99% of Indian exports would benefit from zero duty under the deal, including textiles

** Textile makers Gokaldas Exports GOKL.NS, Arvind Ltd ARVN.NS, K.P.R. Mill KPRM.NS, and Kitex Garments KITE.NS were up 7.2%, 3.3%, 7.9%, and 5%, respectively

** "India has advantage of cheap labour cost and high cotton supply, which benefit the domestic textile producers in long run," ICICI Securities said

** Adds, cos with integrated business model and high standards of quality production like Gokaldas Exports, KPR Mills, SP Apparels, Indo Count ICNT.NS and Welspun Living WLSP.NS will benefit from the pact in medium to long run

** ICNT jumps 6.5% and WLSP gains 7.3%

** ICICI Securities also says lower tariffs on footwear products is positive for Indian footwear companies such as Bata India BATA.NS, Metro brands METB.NS, Relaxo footwear RLXO.NS to explore opportunities in the UK market

(Reporting by Vijay Malkar)

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** Textile stocks gain between 4% and 9%; Vardhman Textiles VART.NS, with presence in more than 75 countries, top gainer, soaring 8.9%

** Arvind ARVN.NS rises 4.3%, KPR Mill KPRM.NS advances 6.5%, Nitin Spinners NISP.NS jumps 4.45% and Gokaldas Exports gains 8.16%

** Donald Trump's 26% reciprocal tariffs on India lower than those on competitors like Bangladesh (37%), Vietnam (46%) and Cambodia (49%)

** Ajay Sahai, Director General at Federation of Indian Export Organizations, says, "We will be looking for some diversion of business from other countries to India"

** "For India, the advantage is a potential bilateral trade agreement with the U.S."

** Tiruppur Exporters' Association, seeking certain quantity of duty-free cotton exports to the U.S., says it is in talks with ministries

(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai)

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** Shares of Indian textile companies and garment makers surge between 3-11%

** Welspun Living WLSP.NS climbs 9%, Trident TRIE.NS up 8%, Gokaldas Exports GOKL.NS jumps 11%

** KPR Mill KPRM.NS rises 6%, Arvind ARVN.NS gains 4.3%, Arvind Fashions ARVF.NS is up 3.5%, Go Fashion GOFA.NS gains 3%

** Political unrest in Bangladesh is expected to disrupt the country's clothing industry, potentially affecting global apparel retailers

** Bangladesh was the third-largest clothing exporter in the world last year

** There are some hopes that because of political unrest, big brands outsourcing their manufacturing in Bangladesh may see India as an option - Pratik Tholiya, analyst with Systematix

** Some of the business may come to India. But, the manufacturing setup in India is not as robust as Bangladesh - Tholiya

(Reporting by Sethuraman NR in Bengaluru)

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April 25 (Reuters) - Gokaldas Exports Ltd GOKL.NS:

• ONE CUSTOMER OF UNIT FILED FOR BANKRUPTCY PROTECTION IN USA COURT

• CUSTOMER HAS AN OUTSTANDING RECEIVABLE OF $ 1.75 MILLION AS OF DATE

Source text for Eikon: ID:nBSE1bYfw

Further company coverage: GOKL.NS

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** Shares of apparel maker and exporter Gokaldas Exports GOKL.NS up 4% at 946 rupees

** Co said it will acquire apparel business of Matrix Clothing for an enterprise value of 4.89 bln rupees ($59 mln)

** GOKL reported 25% y/y fall in Q3 profit after tax

** Co has been trading over its 200-day simple moving avg since late-April 2023; trading vol at 1.4x the 30-day avg

** Avg rating of six analysts equivalent of "strong buy", while median PT of seven is 973 rupees - a ~18% premium to last close - LSEG

** Only ICICI Direct's PT is a discount to the last close, while it has no rating on the stock - LSEG

** GOKL gained over 125% in 2023; logged fourth straight year of gains - its longest streak ever

($1 = 82.8525 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Gokaldas Exports GOKL.NS up as much as 13.7% to hit an all-time high of 696.75 rupees in heavy vols

** The Indian apparel manufacturer and exporter said it will buy Dubai-based apparel maker Atraco Group for $55 mln

** Says deal to give it access to "low-cost duty-free" manufacturing locations

** Trading vol by 09:34 a.m. IST is 4.6x the 30-day moving avg

** Six of the seven analysts covering GOKL rate it "buy" or "strong buy", while one rates it "hold"; median PT is 595 rupees

** Stock last up about 13% taking YTD gains to about 89%

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Gokaldas Exports Ltd GOKL.NS fall as much as 5.1% to 482.05 rupees, biggest intraday pct. loss since May 26

** Apparel manufacturer on Monday said consolidated Q1 profit fell 17.4%; revenue from operations down 15.7%

** Continue to anticipate sluggish demand for H1FY24, with momentum picking up subsequently - GOKL in a statement

** Trading volume at ~528,800 shares as of 12:35 p.m. IST, 2.3x the 30-day avg of ~233,200 shares

** Average rating of seven analysts equivalent to 'buy'; median PT is 585 rupees - Refinitiv data

** Stock up ~37% so far this year

($1 = 82.7610 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

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Aug 7 (Reuters) - Gokaldas Exports Ltd GOKL.NS:

• GOKALDAS EXPORTS LTD - RE-APPOINTED SIVARAMAKRISHNAN GANAPATHI AS MANAGING DIRECTOR

• INDIA'S GOKALDAS EXPORTS LTD JUNE-QUARTER CONSOL NET PROFIT 325.5 MILLION RUPEES VERSUS PROFIT 393.9 MILLION RUPEES

• GOKALDAS EXPORTS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.15 BILLION RUPEES VERSUS 6.11 BILLION RUPEES

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** Indian textile sector poised to ride the next upcycle as home textiles and readymade garments players gain market share in key export markets of U.S., Europe amid receding global retail inventories, says brokerage Sharekhan

** Upgrades view on textile sector to "positive" from "neutral", citing brighter industry outlook from 2H of FY24

** "China Plus One" strategy, potential free trade agreements, falling cotton, crude prices can help earnings grow 20%-41% over FY23-25, for cos with focus on exports, higher capacity utilisation - Sharekhan analysts

** Gokaldas Exports Ltd GOKL.NS, KPR Mill Ltd KPRM.NS and S.P. Apparels Ltd SPAP.NS preferred picks in garment space, Himatsingka Seide Ltd HMSD.NS in home textile space

** Also initiates coverage on GOKL with "buy" rating, price target of 635 rupees

(Reporting by Nandan Mandayam in Bengaluru)

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June 7 (Reuters) - Gokaldas Exports Ltd GOKL.NS:

• UNIT GOKALDASEXPORTS ACHARPURA COMMENCED ITS COMMERCIAL PRODUCTION EFFECTIVE JUNE 7

• ON ACHIEVEMENT OF FULL RAMP-UP AND PRODUCTIVITY, UNIT WILL CONTRIBUTE ABOUT 5% TO CO'S CURRENT CAPACITY

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Further company coverage: GOKL.NS

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