JM Financial maintains Buy on Go Fashion, lowers target price to Rs 980 Jobbery Stock Market update

JM Financial maintains a Buy rating on Go Fashion (India) with a revised target of Rs 980, down from Rs 1,160. Despite facing a slowdown impacting new customer additions, the company plans to add 120 stores annually. The recent 30% stock price correction has rendered the stock favorable, coupled with strategic initiatives aiding long-term growth.