Vishal Retail : Is it worth buying?

Vishal Retail was once the fastest growing retailing groups in India. It had been very aggressive in opening its outlets across various parts of the country under the brand name "Vishal Mega Mart", but now it has pruned that expansion plan a bit. Vishal Retail came quite late with its IPO in year 2007, which was hugely subscribed. Such was the euphoria at that time, that people were willing to pay just about any price for the IPO. How can one forget the IPO of Reliance Power, where Mr. Anil Ambani was asking people to pay a price of Rs 450 per share for a company which had no operations, and where he himself had just paid Rs 10 for the same share.

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To know more about Vishal Retail and its prospects
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