Hot Pursuit     30-Dec-22
Go Fashion (India) gains after domestic research firm initiates coverage
Go Fashion (India) rose 1% to Rs 1186 after a domestic equity research firm initiated coverage on the stock with "long" call and a target price of Rs 1,493 per share.
The target price implies about 26% upside from the current levels. The research firm reportedly stated that Go Fashion (India) is set to grow at a 12% CAGR over FY20-FY25. The company's average ROE/RoCE is expected to touch 20%/25% in FY25 led by multiple levers.

Go Fashion (India) is engaged in the development, design, sourcing, marketing and retailing a range of women's bottom-wear products under the brand, 'Go Colors'. Total exclusive business outlets (EBOs) as on 30 June 2022 stood at 533 stores.

Net profit of Go Fashion (India) rose 3.55% to Rs 19.27 crore on 47.89% increase in net sales to Rs 165.75 crore in Q2 September 2022 over Q2 September 2021.

Previous News
  Go Fashion (India) to table results
 ( Corporate News - 29-Apr-22   11:19 )
  Go Fashion gains after Q1 PAT rises 7% YoY to Rs 26 cr
 ( Hot Pursuit - 31-Jul-23   16:24 )
  Go Fashion (India) standalone net profit rises 3.55% in the September 2022 quarter
 ( Results - Announcements 04-Nov-22   16:13 )
  Go Fashion (India) AGM scheduled
 ( Corporate News - 29-Jun-24   17:32 )
  Go Fashion (India) IPO ends with robust subscription
 ( IPO Centre - IPO News 23-Nov-21   10:30 )
  Go Fashion (India) standalone net profit rises 7.53% in the June 2023 quarter
 ( Results - Announcements 31-Jul-23   14:17 )
  Volumes spurt at Go Fashion (India) Ltd counter
 ( Hot Pursuit - 12-Jun-23   14:30 )
  Go Fashion (India) standalone net profit declines 11.71% in the March 2024 quarter
 ( Results - Announcements 03-May-24   14:10 )
  Go Fashion slumps after block deal
 ( Hot Pursuit - 12-Jun-23   10:02 )
  Go Fashion hits record high; jumps about 5% in four days
 ( Hot Pursuit - 29-Sep-22   12:51 )
  Go Fashion (India) to table results
 ( Corporate News - 26-Oct-23   12:52 )
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