Ambani's Reliance to launch IPO-bound Shein in India, ET reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 04 2024
0mins
Source: reuters
- Reliance Retail Ventures to launch Shein: Indian billionaire Mukesh Ambani's company will introduce the Chinese fast fashion brand Shein in India through its app and stores.
- Partnership with Shein: Reliance Retail reportedly collaborated with Shein last year and may appoint former Meta director Manish Chopra to lead Shein's operations in India.
- Expansion of Reliance Retail: Reliance Retail has been making deals to bring international brands like Tiffany & Co and ASOS to India.
- Return of Shein to India: Shein is re-entering India after being banned four years ago due to tensions between India and China.
- Competition in the market: Shein will compete with Myntra and Trent's Westside in India's $10 billion fast fashion industry.
Analyst Views on WMT
Wall Street analysts forecast WMT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WMT is 125.75 USD with a low forecast of 119.00 USD and a high forecast of 136.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
25 Buy
1 Hold
0 Sell
Strong Buy
Current: 117.830
Low
119.00
Averages
125.75
High
136.00
Current: 117.830
Low
119.00
Averages
125.75
High
136.00
About WMT
Walmart Inc. is a technology-powered omnichannel retailer. The Company is engaged in the operation of retail and wholesale stores and clubs, as well as eCommerce Websites and mobile applications, located throughout the United States (U.S.), Africa, Canada, Central America, Chile, China, India and Mexico. It operates in three reportable segments: Walmart U.S., Walmart International and Sam's Club U.S. The Walmart U.S. segment includes the Company's mass merchandising concept in the U.S., as well as eCommerce, which includes omni-channel initiatives and certain other business offerings such as advertising services. The Walmart International segment consists of the Company's operations outside of the U.S. through its subsidiaries, as well as eCommerce and omni-channel initiatives. The Sam's Club U.S. segment includes the warehouse membership clubs in the U.S., as well as samsclub.com and omni-channel initiatives.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








