16 Feb 2026 | 3 Mins Read
Vedant Fashions shares plummet after 38% target cut
Flipitmoney
Shares of Vedant Fashions Ltd. declined nearly 4% on Monday, February 16. Morgan Stanley downgraded Vedant Fashions Ltd. to 'underweight' from 'equal-weight', cutting the target price to ₹400 per share, indicating a 12% potential downside. The brokerage reduced FY26-28 revenue and EBITDA estimates, resulting in a 7-9% EPS reduction.