Societe Generale picks up 0.7% stake in Gokaldas Exports, stock locked in 20% upper circuit for second day after US-India trade deal

Bulk Deals on February 4

• Societe Generale picks up 0.7% stake in Gokaldas Exports
• BNP Paribas Financial Markets buys small stake in Aditya Birla Capital, Federal Bank, Indian Bank, NALCO from Societe Generale

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Societe Generale, the French bank, has acquired nearly 0.7 percent equity stake in Gokaldas Exports, the leading apparel manufacturer, via open market transactions on February 4.

Gokaldas Exports continued to attract buying interest especially after the US announced trade deal by cutting tariff rate to 18 percent from 50 percent on Monday night, giving a major relief for several export segments including textile, as the stock was locked in 20 percent upper circuit for second consecutive session.

The stock lost 44 percent from its high of November 20 till January 27 followed by few days of consolidation and the spurt seen in the past two days.

As per the bulk deals data on Wednesday, Societe Generale has bought 5.02 lakh shares (equivalent to 0.68 percent of paid-up equity) in Gokaldas Exports at Rs 807.18 per share for Rs 40.5 crore.

The company earned more than 82 percent revenue from exporting to the United States in the fiscal 2025, against 86 percent in previous year, as per its annual reports. In terms of numbers, the exports to the US stood at Rs 2,594.6 crore of total exports finished goods of Rs 3,130 crore in FY25, rising sharply from Rs 1,693.2 crore of Rs 1,955.2 crore in FY24.

The US tariff impact reflected in the quarterly numbers of October-December 2025. Profit fell sharply by 71 percent to Rs 14.6 crore, down from Rs 50.3 crore in the corresponding quarter of previous fiscal, though revenue saw a marginal decline of 0.92 percent to Rs 978.65 crore against Rs 987.76 crore in the same quarters.

The company reported an EBIDTA (earnings before interest, tax, depreciation and amortisation) of Rs 96 crore (falling 18 percent YoY) with margins at 9.7 percent (down 202 bps YoY) in Q3FY26, impacted mainly due to US tariff rebates, the company in its filing said.

Meanwhile, BNP Paribas Financial Markets has exchanged shares of Aditya Birla Capital, Federal Bank, Indian Bank, and National Aluminium Company with Societe Generale via block deals on the BSE.

BNP Paribas Financial Markets has acquired 20.91 lakh shares (0.07 percent stake) in Aditya Birla Capital at Rs 344 per share for Rs 71.93 crore from Societe Generale, while Societe Generale sold 31 lakh shares (0.12 percent stake) in Federal Bank at Rs 287 per share for Rs 88.97 crore to BNP Paribas Financial Markets.

BNP Paribas Financial Markets has bought 6.18 lakh shares (0.02 percent stake) in Indian Bank at Rs 873 per share for Rs 53.95 crore, and 11.2 lakh shares (0.06 percent stake) in National Aluminium Company at Rs 374 per share for Rs 41.88 crore from Societe Generale.