JM Financial has initiated a buy call on Vedant Fashions, setting a target price of Rs 930, anticipating a 27% upside. The brokerage highlights Vedant Fashions’ strong financial performance, including robust EBITDA and PAT margins. Despite temporary slowdowns, they project a revenue CAGR of 12% and expect strong return ratios by FY28, making it an attractive investment.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets