Motilal Oswal Financial Services has initiated coverage on V2 Retail with a ‘Buy’ rating and a target price of Rs 275, indicating an upside of around 27% from the brokerage’s reference price of Rs 217.
The brokerage believes V2 Retail’s focus on value-conscious consumers in tier-II and tier-III markets, along with its strong store economics and disciplined inventory management, provides a long runway for growth.
