Radhakishan Damani-led DMart posts double-digit profit growth; analysts say not impressed!
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Synopsis
Most analysts believe the stock will consolidate now given rich valuations while some say it is time to exit the stock altogether.
The stock trades at its all-time highs and is up 80 per cent from March lows.
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DMart stores, showed a sharp recovery in earnings that brought some buyers on Monday but it was not enough to impress Dalal Street analysts.
Most analysts believe the shares will consolidate now given rich valuations while some say it is time to exit the stock altogether. The stock trades at its all-time highs, and is up 80 per cent from March lows.