INSUBCONTINENT EXCLUSIVE:
Edelweiss Securities has given a buy recommendation on V-Mart Retail with a target price of Rs 2,476.
Shares of V-Mart Retail traded at Rs
2,055.2 around 10:45 am on 16 July, 2019
The brokerage has set a one-year horizon for the stock to hit the target price
bright prospects," said the brokerage
With an eye on 3 times revenue spurt over FY19-23E, V-Mart has accelerated store expansion pace, inducted professional management, invested
in latest IT infrastructure and automated warehousing and supply chain, the brokerage added
The brokerage believes these equip V-Mart to capture higher share of the burgeoning value retailing opportunity
working capital cycle, a few national apparel retailers do pose threat
However, the brokerage believes, considering the moat and positioning of each player as well as the industry size, V-Mart will remain a