01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Outlook on GO Fashion IPO debut By Vinod Nair Geojit Financial Services
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Below is quote and outlook on GO Fashion IPO debut By Vinod Nair, Head of Research at Geojit Financial Services. 

"We like Go Fashion (India) Ltd considering, being the first company to launch exclusive brand dedicated to women’s bottom wear, investment in digital & omnichannel engagement, focus on E-retail, distributive growth strategy to tap customers from tier 1 to tier 3 cities and expansions plans for existing and newer geographies. A growing number of working women, rise in disposable income, consumer shift towards buying from safe & hygienic facilities triggered by COVID-19 augurs well for the company. The opening-up of markets will support revenue growth going forward. With strong appreciation over the offer price, it appears the current positives are largely factored in. Given the solid listing, profit booking is expected, long-term investors can accumulate the stock in the dip"

 

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