Post listing view on Go Fashion India By Mr. Santosh Meena, Swastika Investmart Ltd
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Below is quote on Post listing view on Go Fashion India by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd
Go Colors has a sturdy brand value with fluctuating revenues while the company moved into losses in FY21. However, as the number of working women is increasing along with the evolving fashion trends it is expected that the company can have a strong growth momentum. The company has a strong management team with a mixed bag of financials and it is expected that it may perform well.
The IPO got its debut at Rs 1310 on NSE with a gain of 89% to its issue price of Rs. 690. The aggressive investors who got the allotment can put a stop loss of Rs 1000 and hold the stock with a long-term view, while safe investors can book the profit and wait for new buying opportunities at the lower levels.
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