Economics
The World's Best-Performing Department Store Chain Is in India
- V-Mart’s shares surged more than 10-fold since IPO in 2013
- Jefferies initiates on stock with hold rating on valuation
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The allure of India’s consumer stocks is getting stronger.
Jefferies India Pvt. joins a growing chorus of bulls on the producers of staples and branded goods. 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.