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Too early to celebrate for Pantaloon retail

Valuations may prove to be a hurdle, while real gains will take time to yield. Stocks of organised retail companies like Pantaloon Retail and Shoppers Stop have been in action in the recent past on hopes that foreign direct investment (FDI) in the retail sector will lead to gains for the companies. On Thursday, too, these jumped by as much as 14 per cent, with the biggest gainer being Pantaloon. It rose 14.07 per cent to close at Rs 203.90 on the National Stock Exchange (NSE). Though FDI is expected to bring sea change for the $600-billion domestic retail sector in the long run, the ...