"We have upgraded Avenue Supermarts (DMart) to buy," said Dilip Bhat of Prabhudas Lilladher in an interview with CNBC-TV18.

"This will remain one of those few stocks, which spite and despite of valuations so expensive, the faith in the future and the management will continue to be always be optimistic," he added.

According to him, this is a stock which everyone will be looking at "when to buy" and "how much to buy".

"There is no doubt that this is a stock, one should own in a portfolio to give a resilience and also to give a good amount of proactive returns. So DMart still continues to be one of the preferred stock in our overall pick," he added.

For more, watch the video.