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) standalone net profit rises 9.02% in the June 2024 quarter
 ( Results - Announcements 24-Jul-24   12:32 )
  Go Fashion (India) to convene board meeting
 ( Corporate News - 18-Jul-24   11:36 )
  Go Fashion (India) AGM scheduled
 ( Corporate News - 29-Jun-24   17:32 )
  Go Fashion (India) to conduct board meeting
 ( Corporate News - 24-Jun-24   10:15 )
  Benchmarks hover near opening levels; Pharma shares rises
 ( Market Commentary - Mid-Session 18-May-24   12:01 )
  Go Fashion inks franchise agreement with UAE-based Apparel Group
 ( Hot Pursuit - 18-May-24   10:28 )
  Go Fashion (India) enters into franchise agreement with Apparel Group
 ( Corporate News - 17-May-24   16:04 )
  Go Fashion (India) standalone net profit declines 11.71% in the March 2024 quarter
 ( Results - Announcements 03-May-24   14:10 )
  Go Fashion (India) to table results
 ( Corporate News - 26-Apr-24   10:27 )
  Go Fashion PAT slides 4% YoY to Rs 23 cr in Q3 FY24
 ( Hot Pursuit - 06-Feb-24   15:15 )
  Go Fashion (India) standalone net profit declines 3.74% in the December 2023 quarter
 ( Results - Announcements 06-Feb-24   13:51 )
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