V-Mart Retail surges on planning to invest Rs 115 crore in FY20 to expand its footprint

04 Sep 2019 Evaluate

V-Mart Retail is currently trading at Rs. 1965.00, up by 26.35 points or 1.36% from its previous closing of Rs. 1938.65 on the BSE.

The scrip opened at Rs. 1965.00 and has touched a high and low of Rs. 1965.00 and Rs. 1965.00 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3295.00 on 04-Sep-2018 and a 52 week low of Rs. 1698.30 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 2020.00 and Rs. 1823.00 respectively. The current market cap of the company is Rs. 3553.66 crore.

The promoters holding in the company stood at 52.46%, while Institutions and Non-Institutions held 36.82% and 10.72% respectively.

V-Mart Retail is planning to hire 2,000 people and invest Rs 115 crore in the current financial year (FY20) to expand its footprint. The retailer, which mainly operates in tier-II and III cities, plans to add around 60 stores this fiscal, taking its total count to 275. The company also expects the contribution of its private labels to increase to around 75 percent of total sales, from 70 percent currently.

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.

V-Mart Retail Share Price

2795.65 -0.05 (0.00%)
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