Go Fashion

Amid the recent market fall,11 stocks hit record highs. Whenever any stock exhibits reluctantance to weaken despite a pessimistic bias, it means the underlying trend possesses a robust momentum.

The stock hit a new high of Rs 1,373.90, and has nearly doubled against its issue price of Rs 690 per share

The company, which owns approximately eight per cent in the branded women's bottom-wear market, declared its financial results with profit after tax for the April-June quarter at Rs 24.4 crore

India Advantage Fund S4 I on Thursday offloaded 18.11 lakh shares of Go Fashion (India) Ltd, which owns women's clothing brand Go Colors, for Rs 190 crore through an open market transaction.

Castrol, Indian Bank, Nalco, PolicyBazaar, Tarsons Products, Tube Investments of India, TVS Motor and Union Bank of India are some of the prominent companies to announce result today.

Latent View Analytics, Go Fashion, Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8% and 10%.

The stock of the company, which owns women's wear brand Go Colors, slipped 8 per cent to Rs 1,051.25 on the BSE in Friday's intra-day trade

The broader markets outperformed, the BSE Midcap and Smallcap indices were up 0.3 per cent and 0.8 per cent, respectively

On November 30, 2021, Nomura India Investment Fund Mother Fund and Nomura Funds Ireland have collectively purchased 1 million shares of Go Fashion at price of Rs 1,277.97 per share

Shares touch a high of Rs 1,341 over offer price of Rs 690 before settling at Rs 1,253

The broader markets outperformed and managed to end with gains despite the selling pressure in frontline stocks. Debutant Go Fashion ended with a spectacular 81 per cent gain

Post listing the stock hit a high of Rs 1,341 and a low of Rs 1,215 on the BSE

Go Fashion India will make its debut on the brouses today, while Star Health IPO opens for subscription in the primary segment

Offers consists of fresh equity issue of aggregating up to Rs 125 crore and OFS of Rs 890 crore

The Rs 1,013.6-crore IPO received bids for 5,55,12,051 shares against 80,79,491 shares on offer

The IPO consists of a fresh issue of equity shares aggregating up to Rs 125 crore and an OFS of Rs 890 crore

The retail portion was subscribed by as much as 12.14 times

Market wrap: Sensex falls for a second day; Nifty ends below 17,900

Cabinet approves Rs 6,466-crore fund for telecom infra; LIC IPO expected by Q4, says DIPAM secretary; Go Fashion IPO sails through on first day

The initial public offer of Go Fashion (India) Limited, which owns women's wear brand Go Colors, was subscribed 1.18 times within hours of opening for subscription on Wednesday

The IPO opened for subscription on November 17 in the price band of Rs 665 to Rs 690