Sharekhan is bullish on V2 Retail has recommended buy rating on the stock with a target price of Rs 1445 in its research report dated October 25, 2024.
Dalmia Securities recommended Hold rating on V2 Retail with a target price of Rs 321 in its research report dated January 28, 2019.
Postponement of festive season sales to Q3 this fiscal (versus late Q2 in FY18) impacted the performance of all companies.
It remains to be seen as to how the company manages to gain incremental market share without hurting its margins.
Retail remains a promising industry in the Indian context, given the large consumer base throughout the country.
While Future Retail and V2 Retail may be considered for a medium to long-term investment perspective, accumulation on further corrections is advisable for the rest.