Vedant Fashions Shares Jump on 'Buy' Rating

  Published 1 year ago

Vedant Fashions (VEDN) shares rose 3.4% after JM Financial initiated coverage with a 'buy' rating and a 930-rupee price target, citing strong brand recall and expansion potential despite recent headwinds. The stock is down 43% YTD.

  • JM Financial gives 'Buy' rating & 930 PT.
  • The Manyavar brand has a strong market presence.
  • Temporary issues won’t hinder growth.

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