JM Financial maintained a buy rating on Go Fashion with a target price of Rs 1285. Go Fashion’s 9MFY24 performance has been below expectation, especially on the SSSG front, which, the brokerage firm believes, is more a function of the weak macro environment.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction