go fashion stock price NSE and BSE had a dream start today as the stock opened at a strong premium of 90 per cent 1310 on NSE. According to stock market experts, those who have got the shares of Go Fashion through the allotment process should book 50 per cent profit and withdraw its principal, while those who failed to get the shares of Go Fashion during the allotment Well, they should wait for profit-booking.
According to stock market analysts, lucky bidders, who have got through Go Fashion’s share allotment, are getting 90 per cent return on their money. So, they should book 50 percent profit and wait immediately 1500 per share target. In case it fails to achieve 1500 target comes more from 1050 1100 per share level, they should re-enter for a target of 1500. Those who missed out on getting Go Fashion shares through allotment are also advised to take a fresh position on from 1050 1100 level for the long term target of from 2500 2600 per share level.
Advice to GoFashion shareholders to make 50% profit; Ravi Singhal, Vice Chairman, GCL Securities said, “Those who get fashion shares through allotment, they should book 50 per cent profit and get their principal back in their pocket. They should with the remaining 50 per cent for the immediate target. Must wait. 1500. Those who fail to get Go Fashion shares through allotment are advised to wait for profit-booking and buy around from 1050 1100 level for immediate target of maintain stop loss at 1500 920. In case, profit-booking is triggered before securing 1500 target, profit bookers at current levels are advised to from 1050 1100 levels for 1500 per share target in the short term.”
Unveiling strategy with respect to Go Fashion stocks; Santosh Meena, Head of Research, Swastika Investmart Ltd. said, “The IPO kicks off 1310 on NSE, up almost 90 per cent over its issue price 690. Aggressive investors who get allotment can put stop loss 1000 more stocks with a long-term view while safe investors can book profits and wait for fresh buying opportunities at lower levels.”
Santosh Meena of Swastik Investmart said that GoColors has a strong brand value with ups and downs in revenue, while the company went into loss in FY2011. However, as the number of working women continues to grow, along with fashion trends, it is expected that the company may have a strong growth momentum. The company has a strong management team with mixed financial position and is expected to perform well.
When asked about the long-term GoFashion share price target, Ravi Singhal, GCL Securities said, “Long-term investors should hold GoFashion stock for 2-3 years as it is expected to double its current price in this period.” are supposed to.” Go Fashion’s stocks are expected to take a hit in this period, he added. from 2500 2600 levels.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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