Look at QoQ Pat Growth in this year. There is acceleration. But more than PAT, it is store openings of Zudio and like to like growth in STAR that is reflecting in the share price.
They have printed 26% same store growth in STAR which is extraodinary.
IS it overvalued. Absolutely, but it compared to peers, its the only growth retail play of size available. The only other option is Reliance(Rel Retail Sub) and Titan. All other plays are smaller, look at SS and Spencer, unable to grow.
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