Whalesbook
Toh bhai, Morgan Stanley ka kehna hai ki DMart ab rukne wala nahi hai. Unhone 'Equal-weight' se upgrade karke 'Overweight' kar diya hai, matlab ab woh stock mein aur tezi dekh rahe hain. Aur dekho, target bhi 14% badha diya hai, seedha ₹5,188 pe pahuncha diya! MS ke hisaab se, company jo 500 stores tak pahunch gayi hai aur Q4 FY26 mein 19% revenue growth (jo ki ₹17,204.50 crore tha) dikhaya hai, woh bahut solid hai. Unko lagta hai ki company ab aur zyada stores kholega, khaskar un areas mein jahan abhi dhandha kam hai. Plus, inflation ke time mein DMart ka sasta maal bechne ka strategy logo ko attract karega.
Ab yahan aata hai twist! Sab analysts ek mat nahi hain. Stock ka price abhi 86-99x P/E ke aas paas chal raha hai. Matlab, valuation kaafi high hai. MS bol raha hai ki itna premium justified hai, par doosre analysts thoda hesitate kar rahe hain. Agar aap sabhi analysts ka average target dekho toh woh aata hai ₹4,141.33, jo current price se kam hai. Kuch log 'Hold' rating de rahe hain. For example, CLSA jaise bade naam ne toh ₹6,185 ka target diya hai, matlab alag-alag opinions hain.
Aur kya challenges hain? Itna bada network, matlab 500 stores se bhi zyada, sabse bade shehron se chote shehron tak failana aasan nahi. Cost control karna, customers ko attract karna, yeh sab mushkil hoga. March 2026 mein Kalpana Unadkat chairperson bani hain, toh leadership mein bhi change aaya hai. Investors ab dekhenge ki naya leadership kya strategy lata hai.
Market mein bhi competition bahut hai, online brands aur quick commerce walon se. Par Indian retail sector badh raha hai, aur analysts expect kar rahe hain ki DMart ka revenue aage bhi 19-20% grow karega FY27-FY28 mein. Par yeh sab tabhi hoga jab DMart apna growth target pura karega aur market ke badlavon ke saath chalega.