Wamsutta is a home fashion brand offering bed, bath and other home fashion products. The company acquired a 100 per cent stake in the 178-year old brand from NYSE-listed Beyond in a cash deal of USD 10.25 million (around Rs 86 crore), the filing said
The brokerage house says the worst is behind the textile company which is set for a steady recovery in FY24. Hopes of better prospects have supported a 53 percent surge in the stock in the past three months and 82 percent this year
ICICI Direct is bullish on Indo Count recommended buy rating on the stock with a target price of Rs 295 in its research report dated August 21, 2023.
ICICI Direct recommended hold rating on Indo Count with a target price of Rs 150 in its research report dated November 15, 2022.