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Gokaldas Exports Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 4852.12 Crore) operating in Apparels sector.

"The Indian economy is witnessing a revival in capex, which is being driven by strong government spending and private investment in key sectors such as infrastructure, capital goods, renewables, oil and gas, automobiles, and certain brownfield upgradation capex. ROEs have been remarkably resilient and improving in the BFSI segment, especially for lenders."

“We have already taken price drops in Parachute and Saffola because both are, in terms of the price, premium sensitive. We are also taking tactical calls in terms of whether we have to do pricing on consumer offers and all that. You are absolutely right that we have to have the right price.”

India VIX was up by 2.92% from 11.49 to 11.82 levels on Tuesday. Volatility has been on the rise from the last two sessions which has made the upside capped for the indices.

“We expect the second half of the year to be better than the first half which we have been maintaining. The bottoming out of the demand situation has happened and there is a slight recovery in some of the markets that we are operating in. It remains a very challenging demand environment.”

CLSA maintained a buy rating on GAIL India with a target price of Rs 135. The big beat witnessed in September quarter results was led by gas trading. Trading profit rose nearly 3x our estimate driving a 76% PAT beat.

While the seasonality aspect for the month hasn’t been very strong with the index giving negative returns in 5 out of the last 10 November months, the period from Navratri to Diwali Muhurat trading session has generally been positive for the markets.