India's organised retailers to see strong growth - Jefferies

Future Lifestyle Fashions

12/04/2018 05:21

** 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  VMAR.NS  stands out in apparel, and
D-Mart, owned by Avenue Supermarts Ltd  AVEU.NS , in grocery;
macro tailwinds bode well for Aditya Birla Fashion and Retail
Ltd  ADIA.NS  (ABFRL) and Future Lifestyle Fashions Ltd
 FLFL.NS  - 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  SHOP.NS  with PT of 660 rupees
    ** Jefferies initiates four retailers with 'hold' - V-Mart
PT of 2,050 rupees, Trent Ltd  TREN.NS  of 360 rupees, Avenue
Supermarts at 1,370 rupees and Future Retail Ltd  FRTL.NS  with
a PT of 560 rupees



($1 = 65.3675 Indian rupees)

 ((Reuters Messaging:
tanvi.mehta.thomsonreuters.com@reuters.net))