Add Vedant Fashions, target price Rs 1000: ICICI Securities
Vedant Fashions with a target price of Rs 1000. The current market price of Vedant Fashions is Rs 943.25.
Vedant Fashions Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 22883.18 Crore) operating in Apparels sector.
Vedant Fashions Ltd. key Products/Revenue Segments include Income from Retailing, Other Operating Revenue, Export Incentives and Scrap for the year ending 31-Mar-2023.
Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 489.92 Crore, up 109.89 % from last quarter Total Income of Rs 233.41 Crore and up 8.53 % from last year same quarter Total Income of Rs 451.41 Crore. Company reported net profit after tax of Rs 157.71 Crore in latest quarter.
Promoter/FII Holdings Promoters held 74.98 per cent stake in the company as of 31-Dec-2023, while FIIs owned 7.75 per cent, DIIs 13.73 per cent.
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