Quote on Go Fashion (India) IPO up ~78% By Mr. Amarjeet Maurya, Angel One Ltd
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Below is quote on Go Fashion (India) IPO up ~78% By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd
Incorporated in 2010, Go Fashion (India) Limited is one of the largest women's bottom-wear brands in India. The company is engaged in the development, design, sourcing, marketing, and retailing of a range of women's bottom-wear products under the brand, 'Go Colors'.
We had recommended SUBSCRIBE On the Go Fashion (India) IPO. The Stock is up ~78% from the higher end of the price band. At CMP Of Rs1,226, the stock is trading at 52x EV/EBITDA (FY20) which leaves little room for upside. Hence, we recommend to book profits.
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