Gokaldas Exports Ltd expects temporary disruption due to surge of Covid-19 cases in China

Consequent to the sudden surge of COVID-19 cases in Shanghai and other centres in China, the authorities have imposed stringent pandemic restrictions. In general, this has caused backlog of shipping containers and repercussions have adversely impacted the global supply chains across companies.

This may cause delays in receipt of key raw material components required for the company's production. While the company assumes the disruption to be temporary, the extent of lockdown and its impact is presently unknown. Overall, the company expects two weeks delay in imported raw material delivery schedules from the planned date, possibly impacting production partially in the short term.

Shares of Gokaldas Exports Limited was last trading in BSE at Rs. 404.45 as compared to the previous close of Rs. 398.65. The total number of shares traded during the day was 195156 in over 7663 trades.

The stock hit an intraday high of Rs. 438.00 and intraday low of 395.00. The net turnover during the day was Rs. 81671292.00.

Source : Equity Bulls

Keywords

GokaldasExports INE887G01027 Disruption Covid19 Surge China Shanghai