Elara Capital has initiated a buy recommendation on Vishal Mega Mart with a target price of ₹130, according to reports from ET Now. The brokerage has set an upside potential of 14% for the retail stock, indicating confidence in the company's near-term prospects.
The recommendation comes as part of broader market coverage by ET Now, which tracks various stock recommendations across different sectors. The report positions this as a specific retail sector opportunity, suggesting potential for retail investors seeking exposure to the organized retail space.
The ₹130 target price represents a 14% upside from current levels, as reported by ET Now. This target price suggests Elara Capital's optimistic outlook for Vishal Mega Mart's performance in the retail sector, though specific timeframes for achieving this target were not disclosed in the report.
Vishal Mega Mart operates a diversified model combining apparel, FMCG and general merchandise that drives footfall and margins, according to the latest analysis. The company maintains a private label mix of approximately 75%, enabling strong pricing power and higher margins. The company is expected to deliver revenue and EBITDA growth at 18% and 21% CAGR over FY26–FY28 respectively, as reported by ET Now.
The recommendation appears within ET Now's broader market coverage, which includes various stock recommendations across different sectors. The report positions this as a specific retail sector opportunity, suggesting potential for retail investors seeking exposure to the organized retail space.
