Meanwhile, the BSE Sensex was down 143.88 points, or 0.78%, to 18,326.07.

On BSE, 12,669 shares were traded in the counter as against an average daily volume of 1402 shares in the past one quarter.

The stock hit a high of Rs 112.50 and a low of Rs 101 so far during the day. The stock had hit a 52-week low of Rs 83.50 on 10 February 2011. The stock had hit a 52-week high of Rs 174.90 on 12 April 2010.

The stock had underperformed the market over the past one month till 9 March 2011, gaining 4.80% compared with the Sensex's 4.99% gain. The scrip had also underperformed the market in past one quarter, falling 9.96% as against 4.01% decline in the Sensex.

The small-cap garments exporter has an equity capital of Rs 17.19 crore. Face value per share is Rs 5.

As per reports, Gokaldas Exports will appoint Gautam Chakravarti, a nominee of majority stakeholder Blackstone Group, as chief executive officer in April 2011.

Public shareholding in Gokaldas Exports is low as the founder and founder groups own 88.27% of the company--with Blackstone FP Capital Partners (Mauritius) V-B holding 68.27% and the Indian promoter Hinduja family holding a 20% stake as of 31 December 2010.

US-based private-equity firm Blackstone acquired a 70% stake in Gokaldas Exports for nearly Rs 660 crore in 2007.

Gokaldas Exports reported a net loss of Rs 16.72 crore in Q3 December 2010 compared with a net profit of Rs 0.53 crore in Q3 December 2009. Net sales rose 6.7% to Rs 284.05 crore in Q3 December 2010 over Q3 December 2009.