Shares of V-Mart, which runs medium-sized stores that sell clothes, accessories, footwear and everyday staples, have risen 10-fold since they began trading in February 2013. Its picks in the sector include V-Mart Retail Ltd, whose stock-market performance has made the company the world’s best-performing department stores chain this year, according to data compiled by Bloomberg. Shares of V-Mart, which runs medium-sized stores that sell clothes, accessories, footwear and everyday staples, have risen 10-fold since they began trading in February 2013. V-Mart shares rose 1.60%, or Rs33.55, to Rs2132.10 apiece on BSE on Friday. “We need to be cautious on companies with valuations that have significantly outrun fundamentals,” the analysts wrote.

Source: Mint April 13, 2018 14:26 UTC