The allure of India\u2019s consumer stocks is getting stronger. Jefferies India Pvt joins a growing chorus of bulls on the producers of staples and branded goods. Its picks in the sector include V-Mart Retail Ltd, whose stock-market performance has made the company the world\u2019s best-performing department stores chain this year, according to data compiled by Bloomberg. Shares of V-Mart, which runs medium-sized stores that sell clothes, accessories, footwear and everyday staples, have risen 10-fold since they began trading in February 2013. While equities have been whipsawed for much of this year, the company\u2019s shares are up 47 percent - the most among 105 department-store firms globally with a minimum market value of $200 million. \u201cV-Mart\u2019s strong business model in terms of store economics is increasingly being replicated by other players given the limited barriers to entry,\u201d Jefferies analysts Tanmay Sharma and Varun Lohchab wrote in the note dated April 12 .The blistering rally means the current valuation already reflects V-Mart\u2019s near-term growth outlook. That\u2019s prompted Jefferies to recommend a hold on the stock, which until Wednesday was rated a buy by all nine brokers tracking it. The shares have a 12-month target price of 1,971 rupees, implying a drop of 7 percent from Thursday\u2019s close.\u201cWe need to be cautious on companies with valuations that have significantly outrun fundamentals,\u201d the analysts wrote.