April 12, 2018 / 4:22 AM / 3 months ago

BUZZ-India's organised retailers to see strong growth - Jefferies

** Jefferies initiates coverage on retailers, says grocery and value apparel segments best positioned with macro and micro factors turning favourable for the organised retail sector

** V-Mart Retail Ltd stands out in apparel, and D-Mart, owned by Avenue Supermarts Ltd, in grocery; macro tailwinds bode well for Aditya Birla Fashion and Retail Ltd (ABFRL) and Future Lifestyle Fashions Ltd - Jefferies

** Brokerage starts coverage on three retailers with ‘buy’ - ABFRL with PT of 180 rupees ($2.75), Future Lifestyle with PT of 510 rupees and Shoppers Stop Ltd with PT of 660 rupees

** Jefferies initiates four retailers with ‘hold’ - V-Mart PT of 2,050 rupees, Trent Ltd of 360 rupees, Avenue Supermarts at 1,370 rupees and Future Retail Ltd with a PT of 560 rupees ($1 = 65.3675 Indian rupees)

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