Vedant Fashions shares fall after 38% target cut; analysts warn of further derating

Morgan Stanley downgraded the Vedant Fashions stock to ‘underweight’ from ‘equal-weight’ and cut its target price by 37.7% to ₹400 per share from the previous ₹642 apiece. This also indicates a potential downside of 12% from its previous close.

Leave a Reply

Your email address will not be published. Required fields are marked *