According to Harminder Sahni of Wazir Advisors, splitting of front and back-end verticals will be a unique model and will help in creating a cleaner organisational structure.
Just a day after the Aditya Birla Group announced its plans of merging Pantaloons Retail and Mudra Garments into a one single entity, Future retail has gone ahead and acquired Bharti Retail from the Mittal brothers.
CLSA downgrades Colgate to a 'sell' from 'underperform' with a target of Rs 825 after an 8% decline in the EBITDA margin in Q1. They have cut their FY13 EPS estimates by 5% to factor in higher costs. CLSA believes that Colgate's valuations at 29 times one year forward PE are expensive.
Pantaloon Retail has target of Rs 300, says Rajesh Jain, Market Strategist.