RegulatoryMint
Gokaldas Exports shares down 5% on customer bankruptcy filing
Negative-34
GreyOak summary
Gokaldas Exports shares fell over 5% after disclosing that a subsidiary customer, The Children's Place Inc., filed for US bankruptcy protection. The company has $4.11 million in outstanding receivables from the customer and is assessing the impact. Despite this, management expects stronger growth in FY28 driven by African operations.
What it affects
- Gokaldas ExportsGOKEXNegative -34
Shares down 5% due to customer bankruptcy risk.Rolling sentiment Positive +20
Source
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