Motilal Oswal flags 27% upside potential in V2 Retail

Motilal Oswal has initiated coverage on V2 Retail with a Buy rating and a ₹275 price target, suggesting approximately 27% upside from current levels.

The brokerage cited the retailer's focus on tier-II and tier-III markets, strong store economics, high private-label product mix, and disciplined inventory management as key growth drivers. These factors, Motilal Oswal believes, position the company for significant expansion.