Retail stocks may positive as Flipcart signs deal with AB Fashion of 35% premium CMP
Expects momentum on Retail sectors after the news that the Flipcart signs landmark deal with AB Fashion, Flipcart group will own 7-8% stake in Aditya Birla Fashion at Rs205 a shares (35% premium of CMP) worth Rs1500cr. Positive for AB Fashion. Expects positive for other Retail stocks like Trent, IndiaMart.