If you are an investor and are looking for an opportunity to buy a stock, you can start by checking the share price of Go Fashion (India) Ltd., which is listed in 10 Indices. These Indices are based on daily market movements and include companies in the same industry as Go Fashion (India) Ltd. and have similar market caps.
IPO price
The Go Fashion IPO is a hotly-anticipated deal among retail investors. The company is one of the leading brands in the women’s bottom-wear category in India. It has an estimated 8% market share for Fiscal 2020. The company develops, manufactures, and markets a wide range of women’s bottom-wear products. Its strong brand and direct-to-consumer strategy have helped the company establish a strong position in the category. The company’s product portfolio also includes a range of fashion apparel.
Go Fashion’s IPO was oversubscribed by investors across all categories. Investors from the QIB, retail, and NII categories bid more than one hundred times the reserved portion.
Target price
The share price of Go Fashion India Ltd. is expected to double in the next two to three years. This is according to Ravi Singhal, an analyst with GCL Securities. He estimates the share price to reach Rs. 1630 by year’s end. This is the long-term target of the stock.
The company is a category creator in women’s bottom-wear. The company raised over Rs 456 crore from 33 anchor investors. Its IPO priced the equity shares at Rs 690 each.
Technical analysis
The short-term price action chart for Go Fashion (COLORS) shows a bullish signal, suggesting that the stock may soon experience an uptrend. However, the short-term time frame is too short to draw definite conclusions about the stock’s direction. The longer-term time frame is more informative, indicating a strong uptrend.
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Recommendations for long-term investors
Recommendations for long-term Investors for Go Fashion Share Price: The company is poised for strong growth in the long run. While short-term buyers can exit their positions at the listing pop, long-term investors can enjoy a high return on their investment. Go Fashions stock defied negative grey market sentiments, with shares trading as high as 70 percent higher than the issue price on its debut. Its strong business model and reasonable pricing helped the stock to hold its ground in the grey market.
The company offers an attractive portfolio of women’s bottom wear, with more than 40 styles and 100 color combinations. It has strong financials despite its recent loss, thanks to its competitive pricing and efficient operating model.
Sensex
Sensex for go fashion is an equity index that measures the share price of a company in the fashion industry. This index is an excellent indicator for investors who wish to invest in a company. However, there are some things you should keep in mind before investing in a stock. Firstly, it is important to understand the fundamentals of a stock.
The company is listed on the National Stock Exchange and the Bombay Stock Exchange. It releases quarterly results and holds regular board meetings. The company’s management also meets regularly to review the company’s performance and provide guidance.
Nifty
The Go Fashion share price Nifty is calculated based on changes in the company’s share price every day. Its shares are traded on the National Stock Exchange and the Bombay Stock Exchange. Its top management oversees the company’s operations. Regular board meetings are held to review performance.
The company’s listing page includes details about the IPO, including the date, face value, price band, issue size, and type of shares. Analysts attributed the listing gains to a positive outlook for the company and strong investor response.
Top 10 peers
The share price of Go Fashion (India) Ltd. (GTF) is based on changes in the market daily. Its Peers list includes companies from the same industry or with similar market caps. The Peers list can be useful for comparing the share price of a company with one of the peer companies.
Several factors determine the price of a company. For instance, the EPS growth of Go Fashion is falling every year. Also, the PE multiple of the company is decreasing year on year. The PE multiple of a company shows how much it is worth to an investor.
