Motilal Oswal Initiates 'Buy' Coverage on V2 Retail Shares

Motilal Oswal has initiated coverage on V2 Retail with a 'Buy' rating, suggesting shares could double. The brokerage highlighted that the company remains underpenetrated even within its existing footprint of 400 stores across 300 cities, translating to 1.3 stores per city versus 2.75 for the segment. The bullish and bearish cases outline potential upside and downside scenarios for investors.