{"id":7449,"date":"2024-08-29T01:07:38","date_gmt":"2024-08-29T01:07:38","guid":{"rendered":"https:\/\/demo5.dedicatedhost247.com\/zexo\/bernstein-initiates-coverage-on-retail-and-restaurant-stocks\/"},"modified":"2024-08-29T01:07:38","modified_gmt":"2024-08-29T01:07:38","slug":"bernstein-initiates-coverage-on-retail-and-restaurant-stocks","status":"publish","type":"post","link":"https:\/\/demo5.dedicatedhost247.com\/zexo\/bernstein-initiates-coverage-on-retail-and-restaurant-stocks\/","title":{"rendered":"Bernstein initiates coverage on retail and restaurant stocks"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-brcount=\"5\">Brokerage <a data-ga-onclick=\"Inarticle articleshow link click#Markets#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/bernstein\" target=\"_blank\" rel=\"noopener\">Bernstein<\/a> has initiated <a data-ga-onclick=\"Inarticle articleshow link click#Markets#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/coverage\" target=\"_blank\" rel=\"noopener\">coverage<\/a> on seven <a data-ga-onclick=\"Inarticle articleshow link click#Markets#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/retail\" target=\"_blank\" rel=\"noopener\">retail<\/a> and <a data-ga-onclick=\"Inarticle articleshow link click#Markets#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/restaurant\" target=\"_blank\" rel=\"noopener\">restaurant<\/a> companies \u2014 <a data-ga-onclick=\"Inarticle articleshow link click#Markets#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/avenue-supermarts-ltd\/stocks\/companyid-45987.cms\" rel=\"noopener\">Avenue Supermarts<\/a>, <a data-ga-onclick=\"Inarticle articleshow link click#Markets#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/trent-ltd\/stocks\/companyid-13456.cms\" rel=\"noopener\">Trent<\/a>, Aditya Birla Fashion &amp; Retail, Jubilant FoodWorks, <a href=\"https:\/\/economictimes.indiatimes.com\/westlife-foodworld-ltd\/stocks\/companyid-3837.cms\" data-ga-onclick=\"Inarticle articleshow link click#Markets#href\" target=\"_blank\" rel=\"noopener\">Westlife Foodworld<\/a>, <a href=\"https:\/\/economictimes.indiatimes.com\/devyani-international-ltd\/stocks\/companyid-46078.cms\" data-ga-onclick=\"Inarticle articleshow link click#Markets#href\" target=\"_blank\" rel=\"noopener\">Devyani International<\/a> and <a href=\"https:\/\/economictimes.indiatimes.com\/sapphire-foods-india-ltd\/stocks\/companyid-2017902.cms\" data-ga-onclick=\"Inarticle articleshow link click#Markets#href\" target=\"_blank\" rel=\"noopener\">Sapphire Foods India<\/a>. The firm has \u2018outperform\u2019 rating on Avenue Supermarts, Trent, Jubilant FoodWorks and Devyani and \u2018underweight\u2019 on Aditya Birla and Westlife World. <\/p>\n<p>Bernstein said that as organised retailers scale up, tremendous value creation opportunities can be accessed currently by unlocking <a data-ga-onclick=\"Inarticle articleshow link click#Markets#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/definition\/demand\" rel=\"noopener\">demand<\/a> beyond the top 40 cities and the top 10% of the pyramid of the Indian middle-class market. <\/p>\n<div data-align=\"\" data-msid=\"112880768\" data-type=\"image\" class=\"midImg clearfix\">\n<figure class=\"imgBg\"><span class=\"imgAgency\">Agencies<\/span><\/figure>\n<\/div>\n<p>\u201cWhile we are optimistic about both, we prefer retail \u2014 given its higher share of unorganised players (90% vs 60% for restaurants), more consistent historical performance, higher own-brand portfolio (80% vs 0% for restaurants) and softer valuations,\u201d said the brokerage\u2019s analysts in a note.<br \/><!--\/article_liveblog.cms?msid=105115637&pos=botpotime:1--><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Brokerage Bernstein has initiated coverage on seven retail and restaurant companies \u2014 Avenue Supermarts, Trent, Aditya Birla Fashion &amp; Retail, Jubilant FoodWorks, Westlife Foodworld, Devyani International and Sapphire Foods India. The firm has \u2018outperform\u2019 rating on Avenue Supermarts, Trent, Jubilant FoodWorks and Devyani and \u2018underweight\u2019 on Aditya Birla and Westlife World. Bernstein said that as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[50],"tags":[11281,11283,2681,3693,11286,11287,11282,578,11284,1019,11280,11285],"jetpack_featured_media_url":"https:\/\/img.etimg.com\/thumb\/msid-112880764,width-1200,height-630,imgsize-1292454,overlay-etmarkets\/photo.jpg","_links":{"self":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts\/7449"}],"collection":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/comments?post=7449"}],"version-history":[{"count":0,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts\/7449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/media\/7450"}],"wp:attachment":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/media?parent=7449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/categories?post=7449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/tags?post=7449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}