India’s V-Mart Turns Out World’s Best Performing Departmental Store Chain
The attraction for Indian consumer market has been on the rise.
Jefferies India Pvt Ltd. has now joined in the chorus for showing a successful growth as a producer of staples and branded goods. It has picked up in a sector that comprises V-Mart Retail Ltd, a company whose stock market has performed outstandingly making it world's best department store chain this year, as per market sources.
Shares of V-Mart have risen by 10 times as much since they were first traded in the stock market in February 2013.Company's shares are up by 47% -highest among 105 department stores globally with a minimum market value of $200 million.
Tanmay Sharma, Jefferies Analyst wrote in a note,
Given the limited barriers to entry and widespread competition, V-Mart's strong business model in te...