Yes, I agree, the market is not yet convinced about the turnaround and the ability of the management to scale up.
and @ruffles,
You are spot on,This is a consumer-facing retail business, and they have to be at the top of their game.The big players like Avenue Supermart ,Trent and V-Mart,among others,have learned their lessons,plus they have deep pockets.
and @Sailor1980,your remark about the foray into e-commerce, is well taken,as only time will tell.Their target customer segment may not prefer on-line over off-line. E-commerce is a different ball game altogether,with low entry barriers,but multiple skill sets and market strategies to deploy. So, the learning curve could be steep.
and @ceoji, I agree management capability and market perception are key factors on share valuation. Management will have to show consistency in strategies and results in varying market cycles,in retail with retail’s razor thin margins.
So,my take, based on the above discussion, and on the really valuable contributions on this thread, is that the markets are in watch-and wait mode,not only with respect to V2 Retail, but in general also,with the overhang of the coming general elections. So,this could be a long story to unfold.Hence,will hold in wait-and watch mode.
Disclosure. Holding Tracking position,with losses.