Hi
Thanks for sharing.
I was looking at which mutual funds hold Dmart. Out of the top 5 fund which hold Dmart by value 2 of them happen to be from the HDFC stable. One of them is HDFC Equity which one of the largest multicap funds.
HDFC Equity, HDFC Focused 30 plus a few more from HDFC hold ~600 crs in Dmart.
Aside, seeing what Ambit has to say in their valuation exercise on Dmart I am confused as to how much optimism can go into a model perhaps. No room for error and no margin of safety leaves one uncomfortable.
Regards
Deepak
Disc: invested