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) reports standalone net profit of Rs 24.44 crore in the June 2022 quarter
 ( Results - Announcements 10-Aug-22   16:06 )
  Go Fashion PAT slides 4% YoY to Rs 23 cr in Q3 FY24
 ( Hot Pursuit - 06-Feb-24   15:15 )
  Go Fashion (India) to hold AGM
 ( Corporate News - 13-Aug-22   16:55 )
  Go Fashion (India) AGM scheduled
 ( Corporate News - 29-Jun-24   17:32 )
  Go Fashion (India) receives upgrade in credit ratings
 ( Corporate News - 15-Feb-23   13:26 )
  Go Fashion (India) IPO subscribed 6.87 times
 ( IPO Centre - IPO News 18-Nov-21   17:23 )
  Go Fashion hits record high; jumps about 5% in four days
 ( Hot Pursuit - 29-Sep-22   12:51 )
  Go Fashion (India) to conduct board meeting
 ( Corporate News - 24-Jun-24   10:15 )
  Go Fashion (India) to hold board meeting
 ( Corporate News - 19-Jan-23   17:52 )
  Go Fashion (India) standalone net profit rises 9.02% in the June 2024 quarter
 ( Results - Announcements 24-Jul-24   12:32 )
  Go Fashion (India) receives upgrade in credit ratings
 ( Corporate News - 28-Jul-23   11:20 )
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