Global brokerage house Jefferies said it continued to prefer apparel retailers over grocery companies. "Within strong execution bucket, Trent is the only buy."
It has a buy rating on Aditya Birla Fashion & Retail, which is better placed to face competition while it has a buy call on Future Lifestyle & Shoppers Stop due to steady performance & turnaround story.
However, amid rising complexity, Jefferies preferred to maintain hold rating on Future Retail. It also has hold call on Avenue Supermarts & V-Mart Retail.
Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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