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V-Mart Retail surges on opening two new stores

Mumbai : V-Mart Retail is currently trading at Rs. 2734.00, up by 33.95 points or 1.26% from its previous closing of Rs. 2700.05 on the BSE. The scrip opened at Rs. 2731.90 and has touched a high and low of Rs. 2736.00 and Rs. 2686.00 respectively. So far 135 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. 2740.00 and Rs. 2587.60 respectively. The current market cap of the company is Rs. 4944.05 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 West Bengal and other in the state of Uttar Pradesh. This takes the total number of stores to 218 Stores in 172 Cities across 17 states and total tally of West Bengal is 13 stores and Uttar Pradesh is 86 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.

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