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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-08-01||V2 Retail Ltd. +||Emkay||448.00||590.00||448.00 (-70.80%)||Buy|
Average gross profit increased 17% YoY to Rs327/sqft per month despite negative same store sales growth (SSSG) of 2%. VREL benefited from low procurement costs. We expect SSSG to recover in 2H on the back of strong festive and wedding seasons....
|2018-06-06||V2 Retail Ltd. +||Emkay||404.50||590.00||404.50 (-67.66%)||Buy|
52% Earnings CAGR FY18-20E, Initiate at BUY We initiate coverage on V2 Retail (VREL), India's fastest growing fashion retailer, with a BUY recommendation and Rs590 TP (54% upside). Strong earnings visibility (EPS CAGR of 52% over FY18-20E), net-cash balance sheet and current PER of 18.1x FY20E make VREL's financial profile and valuation attractive....