V-Mart Retail surges on opening new stores in Bihar, Madhya Pradesh

18 Jun 2019

V-Mart Retail is currently trading at Rs. 2257.70, up by 24.50 points or 1.10% from its previous closing of Rs. 2233.20 on the BSE.

The scrip opened at Rs. 2225.65 and has touched a high and low of Rs. 2270.00 and Rs. 2225.65 respectively. So far 26 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3298.00 on 30-Aug-2018 and a 52 week low of Rs. 1874.00 on 24-Oct-2018.

Last one week high and low of the scrip stood at Rs. 2275.00 and Rs. 2129.00respectively. The current market cap of the company is Rs. 4120.82 crore.

The promoters holding in the company stood at 52.99%, while Institutions and Non-Institutions held 36.52% and 10.48% respectively.

V-Mart Retail has opened two new stores one in the state of Bihar and one in the state of Madhya Pradesh. This takes the total number of stores to 227 stores in 178 cities across 17 states and total tally of Bihar is 43 stores and Madhya Pradesh is 10 stores.

V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family.

Related V-Mart Retail Ltd. Links:

V-Mart Retail Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719