** Clothing retailer Go Fashion (India) GOFA.NS rises 3% to 884.45 rupees
** Motilal Oswal initiates coverage of stock with "Buy", price target at 1,127 rupees, implying a ~27.5% upside to current price
** Says, GOFA is the market leader in women's bottom-wear segment
** Motilal says GOFA's sharp direct-to-consumer strategy of retailing via its own brand outlets gives it complete control over merchandising, pricing and customer experience
** Says, in a structurally underserved category like bottomwear, Go Fashion has domain expertise and brand recall
** Motilal expects 16% revenue CAGR over FY25-FY28, with 20% profit after tax CAGR over the same period
** Stock rated 'strong buy' on avg by 7 analysts; median PT of 1,000 rupees - LSEG
** With session's gains, stock trims YTD decline to ~6.7%
(Reporting by Ananta Agarwal in Bengaluru)
((Ananta.Agarwal@thomsonreuters.com))
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