Buy Vedant Fashions, target price Rs 1,600: ICICI Securities

ICICI Securities advises buying Vedant Fashions with a target price of Rs 1,600. The company reports a net profit of Rs 66.90 crore for the quarter ending 30-09-2024 and anticipates significant growth by FY26. Focus on festive and wedding wear, along with strategic initiatives, positions Vedant Fashions for potential revenue and profit boosts.