Why Citi Is Not Bullish On D-Mart’s Operator
Will D-Mart increase speed up its store expansion?A pedestrian walks past a D-Mart supermarket operated by Avenue Supermarts Ltd. (Photographer: Dhiraj Singh/Bloomberg)

Why Citi Is Not Bullish On D-Mart’s Operator

The research arm of Citi Group initiated coverage on Avenue Supermarts Ltd., the parent of the Mumbai-based supermarket chain D-Mart, with a ‘Sell’ rating on account of increasing threat from the e...
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