- ICICI Securities has given a buy call with a target of ₹1300 on Go Fashions (India) Limited.
- The company got listed in November, last year at a premium of 90% above its issue price.
- It reported a standalone total income of ₹145.22 crores in the December quarter, up by 23.96% from the previous quarter.
Go Fashion (India) Ltd is currently trading at 935 apiece levels an ICICI Securities has given a buy call with a target of ₹1300, which is on an upside of approximately 39%. The analyst expects the share price of the apparel company to reach the given target in one year.
The company is engaged in the development, marketing and retailing of women’s apparel in India, under the brand ‘Go Colours’. It was incorporated in the year 2010 and got listed on the bourses on November 30th, 2021. The issue price was ₹690 per share and it got listed at ₹1316 per share on the Bombay Stock Exchange(BSE) and ₹1310 on the National Stock Exchange (NSE).
The company reported a standalone total income of ₹145.22 crores in the December quarter, up by 23.96% from the previous quarter. It reported a net profit after tax of ₹23.69 Crores. Currently, it has a market capitalization of ₹5047 Crores.
Currently, the promoter’s hold a 52.79% stake in the company, DIIs hold 19.68%, FIIs hold 10.42% and the public holds 17.12% of its shares.
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