Textile stock skyrockets 16% after company’s board to consider share buyback

Synopsis: Go Fashion stock shares rose by 16% after the company announced a board meeting on January 29 to discuss the Q3 results and share buyback; this indicated confidence in the financials, giving the shares a reason to jump.

The shares of this company, which is one of the largest women’s bottom-wear brands in India and is engaged in the development, design, sourcing, marketing, and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’, had its shares in momentum today following the company informing about the board meeting which will have discussion on Q3 results and share buyback.

With the market cap of Rs 2,123 crore, the shares of Go Fashion (India) Ltd gained about 16% and made a high at Rs 439.95, compared to its previous day closing price of Rs 378.60, and are trading at a PE of 24, whereas its industry PE is at 44. 

About the Results and Buyback

The shares of Go Fashion (India) surged by a massive 16% as the company made an announcement about its Board of Directors meeting on January 29, 2026, to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025, along with a proposal for a share buyback, the details for which will be discussed in the meeting. This announcement has been a major catalyst for the stock, as it has generated immense buying interest in the stock.

This is a positive sign for the stock, as share buybacks are considered a positive indication of the company’s financial position and future growth prospects. A share buyback also indicates that the company might have surplus cash and that it thinks its stock is undervalued, making it an attractive opportunity to buy back the shares.

From a market point of view, the proposed share buyback has emerged as a major catalyst for the stock of Go Fashion (India) in the short term. The investors are now eagerly waiting for the quarterly results and the final outcome of the proposed share buyback.

Financials and more

The revenue from operations for the company stood at Rs 224 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 209 crores, up by about 7 per cent YoY. Similarly, the net profit stood at Rs 22 crore in Q2 FY26, up compared to the Rs 21 crore in Q2 FY25. 

The “Go Colours” brand of Go Fashion demonstrates a diversified product range in ethnic wear, western wear, fusion wear, athleisure wear, denims, lounge wear, plus-size (Go Plus) categories, and girls’ wear, making it a specialised retailer with a focus on bottom wear. The broad price range and various categories enable the company to target customers of different age groups, sizes, and usage occasions, thus enhancing customer reach and retention. 

The diversified product range also makes the company less dependent on any particular fashion trend, thereby facilitating scalable store expansion with a distinct brand identity in the women’s wear market.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Textile stock skyrockets 16% after company’s board to consider share buyback appeared first on Trade Brains.