A company trading with 4000 cr topline and market cap of 62000 cr, P/B is 49, OPM 4% dont know how valuations are justified. Reliance retail is planning agressive for offline stores, Naayka business model will fail once offline business is scaled up, may remain at this price for long long time or will go down. Shoppers stop, Arvind , AB Fashion, even go fashion is better than this.
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